A Country Has a Comparative Advantage in a Product If

question 38

Multiple Choice

A country has a comparative advantage in a product if the world price is

• A)lower than that country's domestic price without trade.
• B)higher than that country's domestic price without trade.
• C)equal to that country's domestic price without trade.
• D)not subject to manipulation by organizations that govern international trade.

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Definitions:

Flower Shops

Retail establishments that sell flowers, floral arrangements, and other related items.

Robinson-Patman Act

A U.S. antitrust law passed in 1936 to protect against pricing discrimination and predatory pricing to encourage fair competition.

Specific Types

Used to refer to particular categories or varieties within a broader grouping or classification.

Injuries

Physical harm or damage to someone's body caused by an accident or violence.