Use the Following Table to Answer the Question

question 226

Multiple Choice

Use the following Table to answer the question :

-A comparative advantage in the production of coal is held by

• A)Australia.
• B)the United States.
• C)both countries.
• D)neither country.

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Definitions:

Diplomacy

The practice of conducting negotiations and maintaining relationships between nations through dialogue, negotiation, and conflict resolution strategies.

Flat World

This term refers to a global environment where geographical and cultural barriers to trade are diminishing, making it easier to do business worldwide.

Globalization Of Markets

The process of integrating and interacting of different national markets into a single global marketplace, often leading to increased economic interdependence.

Trade Laws

Regulations governing how countries conduct trade with each other, including import and export laws, tariffs, and trade agreements.