Which of the Following Can Be a Source of a Country's

question 186

Multiple Choice

Which of the following can be a source of a country's comparative advantage?

• A) Resources that are available
• B) The demand for domestic products abroad
• C) The world price of goods and services
• D) The domestic price of finished goods

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Definitions:

Federal Budget

The government's estimate of revenue and spending for a fiscal year, reflecting the nation's priorities and financial plans at the federal level.

Proposed Legislation

This term refers to laws suggested by legislators or policymakers that are under consideration but not yet enacted.

Declare War

The formal act by which a nation-state announces and justifies its intent to engage in armed conflict against another state or organization, often requiring approval by its government or legislature.

Commander-in-Chief

The title given to a person who exercises supreme command and control over an armed forces branch or the entire military of a nation.