Answer:
The correct answer is letter "C": claims that economic well-being is enhanced if each country's citizens produce that which they have a comparative advantage in producing relative to the citizens of other countries, and then trade production.
Explanation:
Comparative advantage is an advantage that an individual, organization o country has that allows them to produce at lower opportunities costs compared to competitors. This scenario does not mean the individual or organization has an absolute advantage over their business rivals.
If individuals of a country would concentrate ton producing that at which they have a comparative advantage compared to other countries so they can exchange the output with other nations., they would lead their country to success.
Answer:
a. The buyer would cover all shipping and insurance costs and assume the risk at the factory door.
Explanation:
According to the given situation the exworks means that the seller fulfill his duty for delivering the goods when the goods are available at his place i.e. works, factory or warehouse to the buyer. Also the buyer would responisble to bear all the cost and the risk involved while taking the goods from the seller place to the final destination
Hence, the option a is correct
That’s the same thing I have in school
