The Theory of Comparative Advantage Exists Because

question 45

Multiple Choice

The theory of comparative advantage exists because

• A) there are too many products and services to choose from today.
• B) customers are always comparing the quality of service from companies in the same industry.
• C) no nation can produce all the products its people want and need.
• D) free-trade agreements became the trend during the past 15 years.

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Definitions:

Threats to Self-esteem

Events or circumstances that undermine an individual's sense of self-worth or confidence.

Outgroup Homogeneity

The tendency to view members of outside groups as more similar to each other than members of one's own group.

Equal Pay

The principle or practice of paying employees equally for the same or equivalent work, regardless of gender, ethnicity, or other factors not related to their performance or qualifications.

Sexist

A term referring to prejudice or discrimination based on sex or gender, typically against women, in the belief or attitude that one sex is superior to the other.