The United States Has Developed a Comparative Advantage in Digital

question 83

Multiple Choice

The United States has developed a comparative advantage in digital computers,airliners,and many prescription drugs.The source of its comparative advantage in these products is

• A)a favorable climate.
• B)technology.
• C)abundant supplies of natural resources.
• D)a strong central government.

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Definitions:

Principal

The main party to a transaction or contract who has a primary interest and authority in the context considered.

Agency Responsibilities

Duties and powers entrusted to an agent or agency acting on behalf of another person or entity, known as the principal.

Constructive Dismissal

A situation where an employee resigns due to the employer's conduct creating an intolerable work environment, effectively being forced out.

Fiduciary Duty

An obligation to act in the best interest of another party, usually in financial or trust relationships.