The states that it can be beneficial for two countries to trade without barriers as long as one is relatively more efficient at producing goods or services needed by the other. Select one: O a. comparative advantage principle O b. internalization theory Oc. monopolistic advantage theory O d. absolute advantage principle

Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter3: Exploring Global Business
Section: Chapter Questions
Problem 9CC
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Related to international business.
The
states that it can be beneficial for two countries to trade without barriers as long as one is relatively more efficient at producing goods or services needed
by the other.
Select one:
O a. comparative advantage principle
O b. internalization theory
O c. monopolistic advantage theory
O d. absolute advantage principle
Transcribed Image Text:The states that it can be beneficial for two countries to trade without barriers as long as one is relatively more efficient at producing goods or services needed by the other. Select one: O a. comparative advantage principle O b. internalization theory O c. monopolistic advantage theory O d. absolute advantage principle
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