The Law of Comparative Advantage Explains Why

question 144

Multiple Choice

The law of comparative advantage explains why

• A)individuals choose specialized careers.
• B)firms specialize in the production of certain goods.
• C)nations develop strengths in certain industries.
• D)All of the above are correct.

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Definitions:

Universities

Institutions of higher education and research, which award academic degrees in various disciplines.

Part-time Basis

Employment status where an individual works fewer hours than a full-time schedule, typically offering greater flexibility.

Research

The systematic investigation into and study of materials and sources to establish facts and reach new conclusions.

Learning Processes

A series of methods or activities by which individuals acquire new information or skills.