Which of the Following Is an Example of Comparative Advantage

question 92

Multiple Choice

Which of the following is an example of comparative advantage?

• A)Japan exports cameras to the United States because it produces them with more units of labor.
• B)Mauritius exports apparel because it is relatively more efficient at this than agricultural production.
• C)Britain imports cars from Germany because the cars it produces require more units of capital.
• D)Botswana exports diamonds because it has greater mineral deposits than Ghana.

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Definitions:

Confidence Interval

A selection of values, based on sample statistics, forecasted to incorporate the value of an unknown population parameter.

Population Mean

Population mean is the average of all the values in a population.

Standard Deviation

A statistic that measures the dispersion or variation of a dataset relative to its mean, indicating how spread out the data points are.

Population Mean

The average value of all items in a population, representing the central point of a data set.