Basic of Economics

A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle?

A. Relative Advantage
B. Complete Advantage
C. Comparative Edge
D. Comparative Advantage

A. Business Crop
B. Cash crop
C. Money Crop
D. Earning Crop

A. Net assets
B. Assets
C. Holdings
D. Capital

A. free exchange of money
B. exchange of services
C. exchange of goods and services
D. None of them

A. Malaysia
B. China
C. Russia
D. USA

A. Tin
B. Silver
C. Aluminum
D. Gold

A. Rubber
B. Manganese’s
C. Rice
D. Gold

A. Manganese
B. Rubber
C. Gold
D. Silver

A. Iron Ore
B. Wheat
C. Both of these
D. None of these

A. Mexico
B. USA
C. Brazil
D. Australia