Comparative Advantage

Comparative advantage is the principle in which field?

• Exported

•  Countries

• Economics

• Opportunity

Who developed the classical theory of comparative advantage?

• David Ricardo

• Ho Chi Minh

• Mac lenin philosophy

• Isaac Newton

What is comparative advantage largely responsible for?

• International trade

• Negotiated

• Businesses

• Determines

According to Ricardo's theory, comparative advantage is better than what kind of advantage?

• Absolute advantage

• Affect to the job-hunting

• The chemical production industry

•  Affect to business

Limitations of comparative advantage?

• Free trade agreements are constantly being negotiated

• which will be one of the industries with enough competitiveness and can be imported more strongly into the member countries

• Businesses must make the proactive search for markets and orders a key priority

• When the market demand of those industries goes down, it leads to a country's recession

Economic benefits of comparative advantage?

• Trade promotion and international cooperation activities of Trade bodies

• Between countries should open trade and exchange of goods for better development together.

• Providing excellent chances for the textile industry to grow aggressively in the international market

• Free trade agreements are constantly being negotiated

Factors determining comparative advantage?

• Capital and labor determine comparative advantage.

• Providing excellent chances for the textile industry

• The interview is very important because it determines whether you get a job or not

•  greatly affect to the job-hunting

What is comparative advantage?

•  lower labor costs

• Strength advantage with low cost

• other sorts of benefits

• the most important benefits