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...
Voting within the IMF is based on each country's ______________________
Fill in the blank(s) with correct word
Clinton's declaration that the era of big national government was over proved to be
A. harmful. B. beneficial. C. difficult to gauge. D. accurate. E. inaccurate.