In Terms of Explaining Why Some Countries Export Automobiles,consumer Electronics,and

question 55

Multiple Choice

In terms of explaining why some countries export automobiles,consumer electronics,and machine tools,while other countries export chemicals,watches,and jewellery,David Ricardo's theory of comparative advantage offer an explanation in terms of

• A) international differences in intellectual capital.
• B) international differences in labour productivity.
• C) the interplay between the proportions in which the factors of production (such as land, labour, and capital) are available in different countries and the proportions in which they are needed for producing particular goods.
• D) the cultural histories of the exporting nations.
• E) the geographic location of potential trading partners.

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Definitions:

Reports

Documents containing organized information or data analysis used in decision-making, reflecting performance, financial health, and other critical metrics of an entity.

Balance Sheet

A financial statement that reports a company's assets, liabilities, and stockholders' equity at a specific point in time.

Paid Part

This involves the portion of an expense or debt that has been paid, as opposed to the remaining amount that is still owed.

Decrease Liabilities

Actions or transactions that result in the reduction of obligations owed by a company, improving its financial position.