Ask Question
11 July, 22:16

Which of the following statements best illustrates how comparative advantage influences specialization?

A. The Brandt Line gives a visual representation of development. B. Developed nations are wealthier as a result of the successful production and trade of manufactured goods. C. Developing nations are poorer due to limited export incomes. D. The Brandt Line theory was developed by an American economist.

+1
Answers (1)
  1. 12 July, 00:53
    0
    When we say comparative advantage, this refers to one country's advantage when they can produce a certain product at a lower opportunity cost. As this influences specialization, this can be illustrated by this: Developed nations are wealthier as a result of the successful production and trade of manufactured goods. The answer would be option B.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following statements best illustrates how comparative advantage influences specialization? A. The Brandt Line gives a visual ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers