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Exam CLTD All Questions

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Exam CLTD topic 1 question 23 discussion

Actual exam question from APICS's CLTD
Question #: 23
Topic #: 1
[All CLTD Questions]

According to the Theory of Comparative Advantage, which of the following reasons justifies a country to export a product?

  • A. The exporting country produces the product utilizing less labor than other countries.
  • B. The exporting country's wage rate in producing the good is lower than in other countries.
  • C. The exporting country's productivity is higher in producing the good than the productivity of other countries.
  • D. The exporting country's cost of producing the good, relative to other goods, is at least as low as in other countries.
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Suggested Answer: A 🗳️

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sparkyh
1 year, 1 month ago
D. The exporting country's cost of producing the good, relative to other goods, is at least as low as in other countries.
upvoted 1 times
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Riyasharon
3 years, 5 months ago
D is the answer. According to Apics and the answer D is related to the question. Theory of Comparative Advantage Described by David Ricardo in 1817, the theory of comparative advantage underlies most international product trades. Like the theory of absolute advantage, it states that a country will trade with another one as long as it can produce certain goods more efficiently than the other nation.
upvoted 2 times
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alinmar
3 years, 10 months ago
Correct A.. the theory of comparative advantage underlines most international product trades. It states that a county will trade with another one as long as it can produce certain goods more efficiently than the other nation. Described by David Ricardo in 1817... Apics
upvoted 1 times
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nprestel
4 years, 1 month ago
C is the answer. The Theory of Competitive Advantage says a group as a whole benefits most when those best suited to a task are assigned the task.
upvoted 1 times
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