If Tastes Are Identical Between Countries,then Comparative Advantage Is Determined

question 24

Multiple Choice

If tastes are identical between countries,then comparative advantage is determined by

• A)supply conditions only.
• B)demand conditions only.
• C)supply and demand conditions.
• D)Can't tell without more information.

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Definitions:

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Discrete Random Variable

A variable that can take on a countable number of different values, each with a certain probability, often used in statistical analysis.

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A measure used in statistics that describes the number of standard deviations a data point is from the mean in a normal distribution.