Quizzol

QUESTION:

Multiple Choice Question

What best describes a comparative advantage like the one that emerged during the first industrial revolution?

Multiple choice question.

It is when one nation is able to successfully harness the power of technological advances.

It is when nations make all the goods they need, eliminating the need for trade.

It is when a nation begins with more wealth than another, making innovation easier.

It is when each nation has a lower opportunity cost when producing one good over another good.

ANSWER:

What best describes a comparative advantage like the one that emerged during the first industrial revolution?

Multiple choice question.

It is when one nation is able to successfully harness the power of technological advances.

It is when nations make all the goods they need, eliminating the need for trade.

It is when a nation begins with more wealth than another, making innovation easier.

It is when each nation has a lower opportunity cost when producing one good over another good.

It is when each nation has a lower opportunity cost when producing one good over another good.

Posted by Cleveland on November 10, 2024