Carly246848
Answered

Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Connect with a community of experts ready to provide precise solutions to your questions quickly and accurately. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Which statement is true of the United States?
O It has an absolute advantage in all natural resources traded with other nations.
O It has an abundance of certain resources that create an advantage over many nations.
O It has a comparative advantage in production of both diamonds and bananas.
O It has a consumption level lower than its own production possibilities.

Sagot :

GinnyAnswer

Final answer:

The United States has an advantage over many nations due to an abundance of certain resources and benefits from trade through comparative advantage.


Explanation:

The United States has an abundance of certain resources that create an advantage over many nations.

Comparative advantage is the key in trade, as it allows each country to specialize in what it does best and benefit from trading with other nations.

For example, Chile and Zambia's rich copper mines show comparative advantage in that sector.


Learn more about Comparative Advantage in Trade here:

https://brainly.com/question/30629314


Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.