According to the Theory of Comparative Advantage, a Countryshould Specialize

question 136

Multiple Choice

According to the theory of comparative advantage, a countryshould specialize in producing a good that involves:

• A)more inputs than those in other countries.
• B)fewer inputs than those in other countries.
• C)a higher opportunity cost than that of other countries.
• D)a lower opportunity cost than that of other countries.(True Answer )Correct

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Definitions:

Government Scrutiny

The examination and close observation by government authorities into business practices, often to ensure legal and regulatory compliance.

Proactive

Refers to taking initiative and action to affect change or address issues before they occur, rather than reacting to events after they happen.

Managing Diversity

The practice of acknowledging, understanding, and leveraging differences among individuals in an organization to create an inclusive environment.

Diversity Programs

Initiatives designed to promote and support diversity within an organization, often focusing on race, gender, sexual orientation, and other demographic factors.