According to the Theory of Comparative Advantage, Which of the Following

question 97

Multiple Choice

According to the Theory of Comparative Advantage, which of the following reasons justifies a country to export a product?

• A) The exporting country produces the product utilizing less labor than other countries.
• B) The exporting country's wage rate in producing the good is lower than in other countries.
• C) The exporting country's productivity is higher in producing the good than the productivity of other countries.
• D) The exporting country's cost of producing the good, relative to other goods, is at least as low as in other countries.

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Definitions:

Visual Cortex

The part of the cerebral cortex involved in processing visual information, located in the occipital lobe of the brain.

Thalamus

The brain’s sensory switchboard, located on top of the brainstem; it directs messages to the sensory receiving areas in the cortex and transmits replies to the cerebellum and medulla.

Senses

Biological systems used by organisms to detect and process sensory information from the environment, including sight, hearing, touch, taste, and smell.

Thalamus

A brain structure that acts as a relay station for sensory and motor signals to the cerebral cortex, excluding smell.