An Important Determinant of Comparative Advantage Is

question 109

Multiple Choice

An important determinant of comparative advantage is:

• A)homogeneity of climate and natural resources between countries.
• B)endowment of factors of production.
• C)equal technology levels across nations.
• D)well established governmental regulations on trade.

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Definitions:

Memory

The faculty by which the mind stores and remembers information.

Librarian

A professional responsible for managing, organizing, and distributing library resources, and assisting patrons in finding information.

Eyewitness Testimony

Eyewitness testimony is the account given by people of an event they have witnessed, notably used as evidence in legal proceedings though subject to inaccuracies.

Recall

Recall is the cognitive process of retrieving information from memory without the presence of the original stimuli.