Once a Country Has a Comparative Advantage in Producing a Product

question 13

True/False

Once a country has a comparative advantage in producing a product, it cannot lose that advantage.

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Definitions:

Ethnic Diversity

The inclusion of individuals from different ethnic backgrounds within a community or organization.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, driven by international trade and investment.

Corporate Social Responsibility

The concept that companies should be accountable for their impact on society and the environment and act in ways that are beneficial beyond their financial interests.

Individualism

A social theory favoring freedom of action for individuals over collective or state control, emphasizing the importance of individual autonomy and self-reliance.