The Concept of Comparative Advantage Is Based On

question 190

Multiple Choice

The concept of comparative advantage is based on:

• A) absolute labour productivity.
• B) relative labour costs.
• C) dollar prices of labour.
• D) relative opportunity costs.

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Definitions:

Flagging

The process of establishing when accommodations have been made to standardized assessments.

Controversial

Pertaining to topics, issues, or opinions that provoke public disagreement or debate due to differing views and beliefs.

Validity

The degree to which evidence and theory support the interpretations of test scores entailed by proposed uses of tests.

Disability

A condition, either physical or mental, that significantly restricts an individual's ability to perform certain tasks or activities considered normal for most people.