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comparative advantage

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โˆ™ 2010-03-01 15:32:23
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Q: Which of these terms is defined as the idea of each country concentrating on making those goods it can produce most efficiently and buying from other nations those goods it cannot make as efficiently?
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The principle of each country concentrating on making those goods it can produce most efficiently and buying from other nations those goods it cannot make as efficiently is known as?

Comparative advantage


The principle of each country concentrating on making those goods it can produce most efficiently and buying from other nations those goods it cannot make as efficiently is known as .?

Comparative advantage


How do you xxplain what individual rights are?

They are human rights as defined by a country or internationally by the United Nations and international treaties.


Why does it make sense to trade with other nations?

A nation will produce what it can produce most efficiently and effectively and buy from other nations what they can produce most efficiently and effectively.


A nations border can be defined by?

all the above


How can a nations border be defined?

by the mountains,rivers.allys, and other


How did the Industrial Revolution give an advantage to industrialized nations?

European nations had well-defined infrastructures.


What country refused to join United Nations?

What country is prevented from membership of United Nations


Which was the latest country to join united nations?

South Sudan is the latrest country to joint United Nations


What distinct advantage did industrialized European nations have over the non industrialized nations of Asia and Africa?

A well-defined infrastructure.


What distinct advantage did the industrialized European nations have over the non industrialized nations of Asia and Africa's?

A well-defined infrastructure.


What distinctive advantages did the industrialized European nations have over the non- Industrialized nations of Asia and Africa?

A well-defined infrastructure.

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