Comparative Advantage Is Based on the

question 33

Multiple Choice

Comparative advantage is based on the

• A) concept that some countries are superior to others.
• B) concept of absolute advantage of producing goods in different countries.
• C) concept of relative opportunity cost of producing goods in different countries.
• D) concept that some countries are better endowed with natural resources.

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Definitions:

Benthic Zone

The ecological region at the lowest level of a body of water such as an ocean, lake, or stream, including the sediment surface and sub-surface layers.

Lake

Body of fresh water, often classified by nutrient status, such as oligotrophic (nutrient-poor) or eutrophic (nutrient-rich).

Stream

A small, natural body of flowing fresh water, leading from one to another or into a larger body of water.

Worldwide Distribution

The global spread or availability of a product, service, or phenomenon across the world.