In the Real World, We Don't Observe Countries Completely Specializing

question 103

Multiple Choice

In the real world, we don't observe countries completely specializing in the production of goods for which they have a comparative advantage.One reasons for this is

• A)comparative advantage works better in theory than in practice.
• B)because some countries also have an absolute advantage in the production of those goods.
• C)tastes for many traded goods are similar in many countries because of globalization.
• D)production of most goods involves increasing opportunity costs.

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Definitions:

Company Policy

Guidelines and rules established by an organization to govern its operations and employee behavior.

Communication Channel

A medium through which information is transmitted from one entity to another, such as email, phone calls, or face-to-face conversations.

Urgent Message

A communication that needs immediate attention or action due to its importance or time-sensitivity.

Workplace Message

Communication occurring within a professional setting, encompassing all forms of messages from digital emails to face-to-face conversations among employees.