Management Notes

Reference Notes for Management

If tastes are identical between countries then comparative advantage is determined by:

If tastes are identical between countries then comparative advantage is determined by

If tastes are identical between countries then comparative advantage is determined by:

 Options:

a. supply conditions only.
b. demand conditions only.
c. supply and demand conditions.
d. can’t tell without more information.

The Correct Answer Is:

  • a. supply conditions only.

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