According to the Theory of Comparative Advantage

question 148

Multiple Choice

According to the theory of comparative advantage:

• A) every country can produce some good with a lower opportunity cost.
• B) every country should produce goods that involve high opportunity costs.
• C) some countries have a comparative advantage in producing every good.
• D) some countries should import every good from other countries.

---

Definitions:

Mass Media

Various forms of communication channels, such as television, radio, newspapers, and the internet, that reach a large audience simultaneously.

Customer-oriented Pricing

A pricing strategy that considers the perceived value of the product or service to the customer rather than solely the cost of production.

Internal-oriented Pricing

Pricing strategy focusing on internal factors such as production costs and profit margins rather than market demand or competition prices.

Economic Factors

Variables such as inflation, interest rates, economic growth, and unemployment that influence the performance of an economy and its participants.