Teaching BPSC 4.0 बिहार उच्च माध्यमिक शिक्षक भर्ती (PGT) Mock Test Business Environment and International Business Socio-cultural factors and their influence on business Theories of international trade
Which of the following is correct about ‘comparative advantage’?
1
One firm having comparative edge on the other due to its specialities
2
The situation neutralizing the edge between two companies with the right kind of comparative measures.
3
Specializing in the production of things that individual/companies are relatively good at and trading with others who specialize in what they are relatively good at
4
More than one of the above
5
None of the above