Answered

1. It refers to the ability of the economy to produce goods and services at a lower opportunity cost compared to trade partners. A. Opportunity Cost B. Comparative Advantage C. Economies of Scale D. International Trade 2. It is the exchange of goods and services between countries. A. Comparative Advantage B. Economies of Scale C. International Trade D. Opportunity Cost 3. He popularized the law of comparative advantage. A. Adam Smith B. Leonel Robbins C. Thomas Malthus D. David Ricardo 4. The top gainer in the Philippine Exports in June 2020. A. Metal Components B. Mineral C. Chemical D. Coconut Oil 5. The top gainer in the Philippine Imports in June 2020. A. Cereals B. Transport Equipment. C. Food and Live Animals D. Mineral Fuels​

Sagot :

Angelnadiahan9viz

Answer:

1. B. Comparative advantage

  • It refers to the ability of the economy to produce goods and services at a lower opportunity cost compared to trade partners

2. C. International Trade

  • It is the exchange of goods and services between countries

3. D. David Ricardo

  • He popularized the law of comparative advantage

4.

5.

Di ko na Alam 4&5 sowwy

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