The Comparative Advantage Form of Competitive Advantage Means

question 193

Multiple Choice

The comparative advantage form of competitive advantage means

• A) that a country does not belong to any free trade agreements.
• B) that a country is the sole supplier of a product or service.
• C) that a country can produce everything better or more cheaply than any other country.
• D) that a country can produce some products better or more cheaply than it can other products.
• E) that a country can produce something better or more cheaply than any other country.

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Definitions:

Stocks

Shares of ownership in a corporation, giving holders a claim on the corporation's earnings and assets.

Bonds

Bonds are fixed-income investments representing loans made by an investor to a borrower, typically corporate or governmental, with terms specifying repayment of principal and interest.

Negotiable

Capable of being discussed or modified in terms of agreement or transferability, often used in relation to contracts or financial instruments.

Document Of Title

A transport document that, when appropriately made out, entitles the bearer to claim the goods from the carrier.