Which of the Following Is NOT a Failing of the Theory

question 8

Multiple Choice

Which of the following is NOT a failing of the theory of comparative advantage?

• A) it ignores the role of uncertainty and economies of scale
• B) it assumes that factors of production are relatively immobile
• C) it assumes that there are no differentiated products
• D) it deals with trade only differentiate rather than undifferentiated products

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Definitions:

Persuasive Argument

A technique used in writing and speech that aims to convince the audience of a particular point of view or action.

Different Culture

Pertains to the diverse beliefs, norms, practices, and values that characterize groups of people separated by geographical, social, or ethnic differences.

Proposal

A detailed plan or suggestion put forward for consideration or discussion by others.

Quality-Control Measure

Procedures and techniques used to monitor the quality of products or services, ensuring they meet specified standards.