Explain Whether the Following Statements Are True or False

question 175

Essay

Explain whether the following statements are true or false.
(A)Although a country can have an absolute advantage in the production of all goods,a country cannot have a comparative advantage in the production of all goods.
(B)A country with a relatively high capital labor ratio is capital intensive.
(C)The theory of comparative advantage explains why all trade takes place.

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Definitions:

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Documents that present information, analysis, or recommendations for action to a specific audience, often in a business or academic context.

Closing Section

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Business Report

A formal document that presents information in a structured format for a specific audience and purpose.

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