An economic principle that explains why countries produce different goods and services is

A) trade as a percentage of GDP. B) absolute advantage.
C) NAFTA. D) comparative advantage.

D

Economics

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If a country's Gini coefficient had a value of one, this means:

a. the country has a perfectly even distribution of income. b. income is fairly evenly distributed across the country. c. income is fairly uneven across the country. d. all the income in the country goes to one person.

Economics

If only current income is considered, beer taxes are _____. If lifetime income is considered, however, beer taxes are _____

a. regressive; progressive b. regressive; proportional c. progressive; regressive d. proportional; progressive

Economics