Which of the following is not a source of comparative advantage?
A) technology B) climate and natural resources
C) a strong foreign currency exchange rate D) relative abundance of labor and capital
C
Economics
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The production function shows that potential GDP increases when the
A) price level rises. B) price level falls. C) inflation rate falls. D) quantity of labor employed increases. E) the wage rate falls.
Economics
Which of the followings is NOT true about the word "autonomous" that economists use?
A) Changes in autonomous components are associated with movements along a curve. B) Changes in autonomous components are associated with shifts of a curve. C) The autonomous component of a variable is exogenous. D) The autonomous component of a variable is independent of other variables in the model.
Economics