China Has Developed a Comparative Advantage in the Production of Clothing.The

question 86

Multiple Choice

China has developed a comparative advantage in the production of clothing.The source of this comparative advantage is

• A)a large supply of natural resources.
• B)a large supply of unskilled workers and relatively little capital.
• C)investment in capital used to produce clothing.
• D)superior process technology.

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Definitions:

Compounded Quarterly

This term refers to the calculation and addition of interest to the principal sum of a deposit or loan on a quarterly basis.

RRSP

A Canadian retirement savings plan that defers taxes on contributions and investment earnings until withdrawal.

Compounded Quarterly

An approach to interest calculation that involves adding the interest to the principal sum every three months.

Compounded Semi-annually

The process of calculating and adding interest to the principal sum of a loan or deposit twice a year, which increases the amount of future interest earned.