Comparative advantage is the idea that ______.
a. countries should aggressively pursue export outlets while also protecting domestic markets to acquire and expand national wealth and power
b. countries should diversify their economic performance by investing in their agriculture, manufacturing, and services sectors
c. countries should produce and export those goods they can produce at a lower cost than others and import those items that others produce at a lower cost
d. countries should invest in state-owned enterprises that capitalize on manufacturing capacities
c. countries should produce and export those goods they can produce at a lower cost than others and import those items that others produce at a lower cost
You might also like to view...
Why did most 18-to-29-year-old voters vote for Obama in 2008 and 2012?
A) They were more open on race and worried about their jobs during the financial crisis. B) There were more men than women who voted in that age range. C) They were fearful of economic experiments. D) They had lost faith in the Republican party.
Which of the following is an example of an economic group?
a. the National Education Association b. the American Association of Retired People (AARP) c. the Chamber of Commerce d. the National Organization for Women
Payroll tax is withheld from which of the following?
A. an employee's wages B. an employer's revenues C. the state government's savings D. the federal government's investments
. If a researcher is examining the relationship between X and Y but finds that the relationship dissipates when controlling for Z it means the relationship between X and Y is __________________.
a. Interactive b. Additive c. Spurious d. Indifferent