Question: According to Smith, competitiveness is determined by ________. If there is an advantage in the production of a good, a nation would produce that good

According to Smith, competitiveness is determined by ________. If there is an advantage in the production of a good, a nation would produce that good at a lower cost and become more competitive than its trading partner.

1-the demand side of the market

2-the supply side of the market

3-the size of the market

4-the age of the market

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Step 13 Demand and Supply Demand refers to the quantities of a commodity that the consumers are ready to buy at different possible prices of the commodity Quantity demanded refers to the specific quan... View full answer

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