An Important Determinant of Comparative Advantage Is

question 111

Multiple Choice

An important determinant of comparative advantage is:

• A)diversity in climate and natural resources.
• B)endowment of financial capital.
• C)low governmental barriers to trade.
• D)well-established governmental regulations on trade.

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Definitions:

Ethnicities

Social groups that share a common and distinctive culture, religion, language, or the like, often characterized by a sense of shared identity and heritage.

Patterns Of Growth

The predictable sequences or trends in physical or psychological development observed over time in individuals or groups.

Reflexes

Involuntary and automatic responses to specific stimuli, which are inherent and play a role in survival and development.

Goal-Directed Behavior

Actions or behaviors that are performed with the intention of achieving a specific outcome or goal.