Most textiles worn by american consumers are produced in, Ask an Expert

Economics

"Most textiles worn by American consumers are produced in Asian and South American countries where the opportunity costs of production are lower." This observation refers to the: a. law of decreasing returns to scale. b. principle of beneficial tariffs. c. income elasticity of demand. d. principle of comparative advantage. e. law of supply.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91867217

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