All of the Following Are Sources of Comparative Advantage Except

question 186

Multiple Choice

All of the following are sources of comparative advantage except

• A)climate and natural resources.
• B)relative abundance of labor and capital.
• C)a strong foreign currency exchange rate.
• D)technology.

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Definitions:

Implied Warranty of Habitability

A legal doctrine that requires landlords to maintain residential rental properties in a condition fit for human habitation, even if not explicitly stated in the lease agreement.

Periodic-Tenancy Lease

A lease agreement that automatically renews for a period identical to the initial lease term, such as monthly or yearly, until terminated by either party.

Punitive Damages

Compensation awarded to a plaintiff that goes beyond reimbursement for actual losses and is imposed to punish the defendant and deter such conduct in the future. Also called exemplary damages.

Compensatory Damages

Money awarded to a plaintiff as reimbursement for her or his losses; based on the amount of actual damage or harm to property, lost wages or profits, pain and suffering, medical expenses, disability, etc.