Which of the Following Factors Would Not Contribute to Increasing

question 81

Multiple Choice

Which of the following factors would not contribute to increasing an existing comparative advantage?

• A) Productivity improvements from greater experience.
• B) Less time lost by switching tasks.
• C) Import restrictions.
• D) Efficiency improvements due to learning.

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Definitions:

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for slight differentiation and some price control.

Elasticity

A measure of the responsiveness of quantity demanded or quantity supplied to a change in one of its determinants.

Signaling Theory

A concept that suggests that individuals send signals about their qualities or intentions through their actions or investments, which others then interpret to make decisions.

Brand Names

The distinctive titles given to products or services by companies to identify and differentiate them from competitors' offerings.