Transferable comparative advantages are:
A. based on factors that can change relatively easily.
B. rarely eroded over time.
C. becoming more like inherent comparative advantages with technological innovations.
D. based on factors that are relatively unchangeable.
Answer: A
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Using the table above, if the current market value of the dollar is 125 francs
A) investor A holds dollars, but B and C hold francs. B) investor A holds francs, but B and C hold dollars. C) all three investors hold francs. D) all three investors hold dollars.
The impact of saving on the economy is
a. always beneficial b. always harmful c. beneficial in the short run, but not in the long run d. beneficial in the long run, but not necessarily in the short run e. neutral in both the short run and the long run
If DI falls by $100 billion, and C falls by $90 billion, the slope of the consumption is
a. ?0.45. b. 0.45. c. ?0.90. d. 0.90. e. 0.50.
A firm's cost curve is determined by
A) congressional laws. B) whether the firm hires engineers or not. C) natural laws. D) the firm's production function.