Which of the Following Is Not a Source of Comparative

question 85

Multiple Choice

Which of the following is not a source of comparative advantage?

• A) relative abundance of labour and capital
• B) technology
• C) climate and natural resources
• D) a strong foreign currency exchange rate

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Definitions:

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on their willingness to pay.

Demand

The willingness and ability of consumers to purchase goods or services at different prices.

Price

The expected fiscal outlay, necessitated, or expended in compensation for an item.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a certain period of time.