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:

Favored Customers

Those who receive special treatment from dealers during situations of excess demand.

Special Treatment

The act of giving preferential or unique consideration or handling to a particular person or group.

Supply Fixed

A situation where the availability of a good or service is limited and cannot be easily adjusted.

Unique Product

A product that is different from anything else on the market, either because of its brand, design, or functionality, giving it a competitive advantage.