The _________________ Argument Says That Two Countries Cannot Engage in Trade

question 109

Multiple Choice

The _________________ argument says that two countries cannot engage in trade if one country has a(an) ___________________ over the other country.Note: the phrase will fit in both blanks.

• A)absolute advantage
• B)regional advantage
• C)supply chain advantage
• D)comparative advantage
• E)global advantage

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Definitions:

Industry Alliances

Collaborative arrangements between companies in the same industry, aimed at enhancing competitive advantage, sharing resources, or achieving common goals.

Multinational Corporations

Large companies that operate and provide goods or services in more than one country outside of their home country.

Host Country

A nation where foreign entities such as businesses, expatriates, or international organizations operate or reside, outside of their home country or country of origin.

Business Relationships

The connections and interactions between various stakeholders in the business world, including suppliers, customers, partners, and employees, that affect business operations and outcomes.