Comparative Advantage Arises From

question 124

Multiple Choice

Comparative advantage arises from:

• A)differences in climate,factor endowments,and technology.
• B)absolute advantage.
• C)countries engaging in autarkic behavior.
• D)an emphasis on export production.

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Definitions:

People Innovation

Changes in the beliefs and behaviors of individuals working in an organization.

Organizational Culture

The set of shared values, beliefs, behaviors, and practices that characterizes an organization and influences its members' interactions and operations.

Cherry Flavoring

An additive or natural essence used in food and beverages to impart a cherry taste.

Innovation

The process of developing new ideas, products, or methods, often leading to significant changes or improvements in how things are done.