Identify a true statement about comparative advantage.
A) It is the tendency of a country to choose goods that have a higher opportunity cost compared to other countries.
B) It stays the same regardless of the changes in the technology or workforce in a country.
C) It is affected by major trade barriers to international trade.
D) It always remains static for developing countries.
Question 2
The World Trade Organization was created by the
A) Kennedy Round.
B) United Nations.
C) League of Nations.
D) Tokyo Round.
E) Uruguay Round.
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Page from a copy of Nizami's Khamseh (Quintet) illustrating a princely country feast, Persian, ...
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