Which of the Following Is TRUE About Comparative Advantage

question 88

Multiple Choice

Which of the following is TRUE about comparative advantage?

• A) Comparative advantage explains trade among nations, but not within nations.
• B) Comparative advantage explains trade within nations, but not among nations.
• C) Comparative advantage explains trade within nations and among nations.
• D) Comparative advantage has nothing to do with trade among nations; it only is concerned with specialization within a firm.

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Definitions:

Pebble-sized Particles

Small, rounded stones or pieces of rock, typically sized between 4 and 64 millimeters in diameter.

Oldest Unit

The earliest formed part of a geological sequence, which can provide valuable information about the Earth's history.

Easy to Erode

Refers to geological materials or landforms that are readily worn away or removed by the action of water, wind, ice, or other erosional forces.

Loose Materials

Unconsolidated and uncompacted substances or objects, often used to describe soil, sand, or aggregate that is easily moved or reshaped.