Question

Many of the toys sold in the United States are imported from Taiwan because the Taiwanese can produce these products more efficiently than U.S. companies. This is an example of ___.

Answer 1

Answer:

Many of the toys sold in the United States are imported from Taiwan because the Taiwanese can produce these products more efficiently than U.S. companies.

This is an example of comparative advantage

Explanation:

From the above analogy, it could simply explain as comparative advantage because Taiwan being the highest producer of toys and consume less of the goods produced (toy) while USA only buys from them.