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The Nation That Has a Comparative Advantage in a Particular

question 156

True/False

The nation that has a comparative advantage in a particular product will be the only world exporter
of that product.


Definitions:

Gas Station

A retail business establishment that sells fuel and engine lubricants for motor vehicles.

Prices Charged

The amount of money demanded by a business in exchange for its goods or services.

Long Run

A period during which all factors of production and costs are variable, allowing firms to adjust to desired levels.

Gas Station

A retail establishment that sells fuel and often other goods or services to motor vehicle customers.

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