Country Z Can Produce Pig Iron More Efficiently Than Any

question 55

Multiple Choice

Country Z can produce pig iron more efficiently than any other product. Which type of advantage in pig iron does Country Z have?

• A) Absolute advantage
• B) National competitive advantage
• C) Comparative advantage
• D) Trade balance advantage
• E) Resource advantage

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Definitions:

Fair Die

A fair die is a dice designed to have equal likelihoods of landing on any of its faces when thrown.

Events

Occurrences or happenings, especially significant ones within a specified area or context.

Independent

Free from outside control; not depending on another's authority or subject to another's influence.

First Ace

The initial occurrence of an ace in a series of card draws or during a specific card-related activity.