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:

Baker's Salaries

The compensation paid to individuals employed in a bakery to perform tasks such as baking, decorating, and customer service.

Goods Manufactured

The total quantity of products completed and ready for sale during a specified accounting period.

Direct Labour

The labor costs associated with employees who are directly involved in the production of goods or services.

Gross Margin

The difference between sales revenue and the cost of goods sold, showing the profitability of sales before other operating expenses are deducted.