Option 5
Comparative advantage is realised when a nation has cost advantage over other nation in production of a good. The cost advantage may result when a nation is bestowed with natural resources, climatic advantage and production technologies.
Since the breed is limited to Centra Asia, the region would gain comparative advantage over others.
limited partnership Question 20 1 pts The karakul is a breed of Central Asian sheep that...
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Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...
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