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

Answer rating: 100% (QA)

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 the full answer