To Explain Why Some Nations Purchase Products from Abroad, Even

question 103

Multiple Choice

To explain why some nations purchase products from abroad, even when
They have an absolute advantage in production, we have to use the
Theory of:

• A)absolute advantage.
• B)relative pricing.
• C)comparative advantage.
• D)industrial advantage.

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Definitions:

Software

Programs and operating information used by a computer.

Least Expensive Option

The option that costs the least amount of money when compared to others available in a given set of choices.

Site

A location on the Internet, identifiable by a unique URL, where content related to a particular topic, organization, or individual is hosted and can be accessed by users.

Data Breach

An incident where confidential, sensitive, or protected information is accessed or disclosed without authorization.