Which Statement Does NOT Describe a Source of Comparative Advantage

question 226

Multiple Choice

Which statement does NOT describe a source of comparative advantage?

• A) In general,France has absolute advantage over Italy in production of goods and services.
• B) Canada's technology for computer chip design is more advanced than India's.
• C) Hawaii has a more favourable climate to grow pineapple than does Italy.
• D) In the market for lumber,Canada has many more trees than does England.

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Definitions:

Rate of Inflation

The measurement of how rapidly the general price level of goods and services escalates, which in turn, reduces the purchasing strength.

Unemployment Rate

The ratio of individuals in the labor force who are without a job and actively seeking employment.

Labor Force

The total number of people employed or actively seeking employment in a country or specific area.

Unemployed

Individuals who are capable of working and willing to work but cannot find employment.