Which of the following is an element of the comparative advantage principle?
A) per unit cost advantage
B) relative efficiency of production
C) absolute cost of production
D) negative balance of trade
B
Business
You might also like to view...
Questionnaires are used for studies in which respondents are asked questions and when respondents are observed
Indicate whether the statement is true or false
Business
A firm is evaluating the best means to have a positive impact on potential buyers; which one of the four P's is the firm addressing?
A) Product B) Price C) Place D) Promotion
Business