Which of the following best explains a trading relationship between two countries based on comparative advantage?

A- One country exports raw materials and the other country exports manufactured goods, resulting in a global economic balance.

B- One country implements tariffs on goods that are imported from another country because the importing country will benefit from profits on the sale of the goods.

C- Each country specializes in the type of good for which it has the lowest opportunity cost, resulting in a higher global output of both types of goods.

D- Two countries trade in luxury items, but the volume of trade is limited by the highest cost of long-distance trade.

E- Each country exports the same type of good because the countries are similar in terms of natural resources and labor costs.

Answers

Answer 1

Answer:

The answer is C

Explanation:

I don't know why but that was the answer

Related Questions

According to Christaller's central place model, which of the following would most likely have the smallest range?
A. A university
B. An international airport
C. A grocery store
D. A professional football stadium
E. A symphony orchestra hall

Answers

Answer:

C. A grocery store

Explanation:

its closest to the consumers and the market

According to Christaller's central place model, a grocery store would most likely have the smallest range. Thus, option C is correct.

What is Burgess's concentric zone theory?

Burgess's concentric zone theory is a model that describes the growth of a city in a series of wedges out from the central business center. The model proposes that cities develop in concentric circles, with the central business district at the center, surrounded by a zone of transition, then a zone of working-class housing, followed by a zone of middle-class housing, and finally, a zone of suburban commuter residences.

The model was first developed in the 1920s by sociologist Ernest Burgess and has been used to understand urban development and patterns of residential segregation. While the model has been criticized for oversimplifying urban development and not taking into account factors such as race and ethnicity, it has been influential in the field of urban sociology.

Therefore, According to Christaller's central place model, a grocery store would most likely have the smallest range. Thus, option C is correct.

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