It is a comparative advantage for countries like Iceland who have a large supply of fish to export seafood.
published by Deena on 2021-04-18 00:50:34
A country should always analyze their natural resources and use them to gain a comparative advantage over countries with a limited supply.
published by Hildred on 2021-05-29 17:52:12
In South America it’s a comparative advantage to harvest bananas, mangoes, and other tropical fruits and sell them to the United States for a high price.
published by Isidra on 2021-10-05 19:01:02
Many American businesses produce their electronics in other countries, like China, for the comparative advantage of cheaper parts.
published by Pamula on 2021-09-19 12:05:15
Countries like India use their comparative advantage of rich fabrics and textiles to trade with other countries for money and scarce goods.
published by Sharika on 2021-12-22 04:08:03