Which of the Following Restricts the Exploitation of Comparative Advantage

question 17

Multiple Choice

Which of the following restricts the exploitation of comparative advantage across countries?

• A) Language and cultural differences.
• B) Similar social norms.
• C) Homogenous quality of inputs.
• D) Homogenous tastes and preferences of the consumers.

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Definitions:

Imitations

Products or services that closely copy or resemble another's in appearance or function but are not identical.

Misleading Strategies

Marketing or business tactics intended to deceive or lead customers or competitors astray.

Competitive Advantage

Describes a condition or circumstance that puts a company in a favorable or superior business position compared to its competitors, often due to unique resources, capabilities, or strategies.

Competitive Advantage

The unique attributes or circumstances that enable a company to outperform its competitors.