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

Quizplus · Accepted Answer

Comparative advantage can be influenced by trade barriers, as they can affect the relative costs and benefits of producing certain goods in different countries.

Identify a True Statement About Comparative Advantage