IAI Actuarial Core Principles · Business Economics · Importance of international trade
Which development would most directly change a country's comparative advantage in a good over time, as opposed to merely its current trade pattern?
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- AA temporary depreciation of the rupee
- BA rise in the quantity of skilled labour and capital relative to other countriesCorrect
- CA one-year change in import tariff rates
- DA seasonal fall in export demand
- A change in a trading partner's currency reserves
Explanation
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