According to _____,Many Developing Countries Have a Potential Comparative Advantage

question 105

Multiple Choice

According to _____,many developing countries have a potential comparative advantage in manufacturing,but new manufacturing industries cannot initially compete with well-established industries in developed countries.

• A) economic development argument
• B) comparative advantage theory
• C) product life-cycle theory
• D) infant industry argument
• E) mixed economy theory

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Definitions:

Division

One of the four basic operations in arithmetic, division calculates how many times a number (dividend) can be contained within another number (divisor).

Simplify

To reduce a complex expression to its simplest form by performing all possible operations and combining like terms.

Average

A statistical measure representing the central or typical value in a set of data, calculated usually as the sum of the values divided by the number of values.

Real Numbers

Real numbers include all the numbers on the number line, encompassing rational and irrational numbers, positive, negative, and zero.