The ________ Rests on the Premise That Countries Differ in the Type

question 43

Multiple Choice

The ________ rests on the premise that countries differ in the type and quantity of production factors they possess.

• A)cost-advantage theory
• B)competitive advantage theory
• C)factor proportions theory
• D)comparative advantage theory

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Definitions:

Median

The middle value of a sorted set of data, or the point that divides a distribution into two equal halves, used as a measure of central tendency.

Set Of Data

A collection of data values or points, whether numerical or categorical, gathered from a study or observational process.

Mode

The value appearing with the greatest frequency in a dataset.

Median

The middle value in a list of numbers sorted in ascending or descending order, or the average of the two middle numbers when the list has an even number of values.