All of the Following Are Sources of Comparative Advantage Except

question 186

Multiple Choice

All of the following are sources of comparative advantage except

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

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Definitions:

LIFO Cost Flow

An inventory valuation method, "Last In, First Out", where the last items placed in inventory are the first ones to be recorded as sold, affecting the company's inventory cost on financial statements.

Ending Inventory

The cumulative worth of a company's entire stock inventory at the conclusion of a financial accounting period.

Inventory Items

Goods or materials a company holds for the ultimate purpose of resale.

FIFO Cost Flow

A method of inventory valuation where goods purchased first are the ones sold first, hence, the inventory left consists of the most recently purchased or produced goods.