Question

Marina is on vacation in Jamaica and buys a bottle of rum for about half the price she would pay for the same bottle at home. The rum is not on sale in Jamaica but is priced lower because that's the price the market will bear. What is this an example of_________

Answer 1

Answer:

The competitive advantage of the countries producing goods and services

Explanation:

The countries have advantage when they produce some goods, some countries try to  specialize in the produccion certain goods, because they have climate, or ather advantage. There is also some taxes that increases the price of the imported goods, because they are cheaper than the same product that is produced locally, and the goverment protect with the tax the local producers that have a higher cost and do not have advantages, that is why the price is higher in Marina´s country.