According to Ricardo's Theory of Comparative Advantage, It Makes Sense

question 18

True/False

According to Ricardo's theory of comparative advantage, it makes sense for a country to specialize in the production of those goods that it produces most efficiently and to import goods that it produces less efficiently.

---

Definitions:

Guitar

A stringed musical instrument played by plucking or strumming the strings, either with the fingers or a pick.

Abstract

A brief summary of a research paper, thesis, review, conference proceeding or any in-depth analysis of a particular subject or discipline.

Concept

An abstract idea or a mental symbol that represents a specific thing, category, or idea.

Genus

A class or category of things that share common characteristics, often used in the classification of organisms or in defining concepts.