Comparative Advantage Refers To

question 20

Multiple Choice

Comparative advantage refers to:

• A)a situation where the relative price of a domestic good is the same in two countries
• B)one country's ability to control domestic and world prices
• C)the situation where one country can produce a good relatively more cheaply than another country
• D)a situation where there is increased competition due to trade

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Definitions:

Financial Support

Monetary assistance provided to individuals, organizations, or countries, often aimed at promoting economic development or providing relief during hardships.

Kickstarter

A crowdfunding platform where creators present projects to the public to raise capital from a wide audience of backers.

Crowdfunding Site

An online platform where individuals or businesses can raise funds for their projects or ventures from a large number of people.

Indiegogo

An international crowdfunding platform where people can raise funds for creative projects, products, or startups.