According to Ricardo,a Country Will Have a Comparative Advantage in the Product

question 188

Multiple Choice

According to Ricardo,a country will have a comparative advantage in the product in which its:

• A) Labor productivity is relatively low
• B) Labor productivity is relatively high
• C) Labor mobility is relatively low
• D) Labor mobility is relatively high

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Definitions:

Sexual Orientation

An inherent or immutable enduring emotional, romantic, or sexual attraction to individuals of a particular gender.

Socioeconomic Status

An individual's or group's economic and sociological standing, usually determined by factors such as income, education, and occupation.

Ethnic

Pertaining to a population subgroup with a common national or cultural tradition.

Distinctive Culture

Unique characteristics, beliefs, practices, and values shared by a group of people, distinguishing them from other groups.