Which of the Following Is Not a Potential Source of Comparative

question 31

Multiple Choice

Which of the following is not a potential source of comparative advantage for China in the manufacturing sector?

• A)Abundant low wage, low skill workers
• B)A large domestic market that can lead to scale economies
• C)Coastal areas with good logistics for international trade
• D)Abundant credit from China's government sector to set up manufacturing operations

Analyze the effects of changes in production levels on different cost measures.

Evaluate the impact of technological advances and changes in input prices on cost curves.

Determine profit-maximizing output levels using cost data.

Understand the concept of diminishing returns and its effect on costs.

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Definitions:

Nixon's Visit

Nixon's Visit refers to President Richard Nixon's historic trip to China in 1972, a pivotal moment in U.S.-China relations that marked the beginning of normalization between the two countries after years of estrangement.

China

A country in East Asia, the world's most populous nation, known for its rich history, culture, and as a major global economic power.

UN

The United Nations, an international organization founded in 1945, aimed at promoting peace, security, and cooperation among the world's countries.

Camp David Accords

Peace agreement between the leaders of Israel and Egypt, brokered by President Jimmy Carter in 1978.