Differences in relative product prices between two nations can be attributed to differences in
A) tastes and preferences
B) the level of technology
C) endowments of resources
D) all of the above

Question

Quizplus · Accepted Answer

Relative product prices can be influenced by a variety of factors including differences in tastes and preferences, the level of technology, and endowments of resources. Therefore, all of the options provided (A, B, and C) could potentially contribute to differences in relative product prices between two nations.

Differences in Relative Product Prices Between Two Nations Can Be