Specialization According to the Principle of Comparative Advantage

question 80

Multiple Choice

Specialization according to the principle of comparative advantage

• A)shifts outward the world's PPC.
• B)benefits productive countries but harms less productive ones.
• C)benefits less productive countries and harms more productive ones.
• D)moves the world closer to its PPC.

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Definitions:

Innovation Process

A systematic method that involves the stages of idea generation, development, and implementation of new products, services, or processes.

Identifying Advantages And Disadvantages

The process of evaluating the positive and negative aspects of various options to make informed decisions.

Innovation Process

The series of steps that include the generation, development, and implementation of new ideas or products, leading to market introduction.

Idea Generation

The act of producing, evolving, and conveying fresh notions or remedies.