A Nation's Comparative Advantage

question 77

Multiple Choice

A nation's comparative advantage

• A)can almost always be traced to its natural resources
• B)is often based on its natural resources
• C)is often based on barriers to international trade
• D)is reflected in the shape of its demand curve for imported goods
• E)is a result of increasing marginal returns

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Definitions:

Socially Generated Data

Information created by users through online interactions and activities on social media platforms, often analyzed for trends, behaviors, and insights.

Resultant Strategic Decisions

Decisions made at a strategic level as a result of analyzing data and insights, influencing the direction of an organization.

Key Aspects

The most important, critical, or essential parts or features of something.

E-commerce

The buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet.