David Ricardo's Theory of Comparative Advantage Explains Global Trade in Terms

question 38

Multiple Choice

David Ricardo's theory of comparative advantage explains global trade in terms of the

• A) first-mover advantage that certain countries and firms enjoy.
• B) geographical differences between various countries.
• C) international differences in labor productivity.
• D) late-mover advantage that certain countries and firms possess.

---

Definitions:

Protista

A kingdom of simple eukaryotic organisms, usually unicellular, that are neither plants, animals, nor fungi, including amoebas, and algae.

Animalia

A kingdom of multicellular eukaryotic organisms that are typically motile and responsive to their environment.

DDT

A synthetic organic compound used as an insecticide, known for its environmental persistence and impact on ecosystems and human health.

Environmental Conditions

The various physical and biological factors that influence the life and development of organisms, including climate, soil, and living beings in an area.