In economics the term comparative advantage means a country or business that has new technology...

60.1K

Verified Solution

Question

Basic Math

image

In economics the term comparative advantage means a country or business that has new technology under patent to produce goods cheaply a country or business that has the ability to produce certain goods at a lower opportunity cost than another country or business O a country engaged in importing more goods than exporting goods a country that increases taxes on imports to protect its own industries

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students