Comparative advantage A. is unlikely to change, once it has been defined. B. may change as time passes and circumstances change. C. is determined by governments of nations across the globe. D. is independent a countries skilled and unskilled labor quantities.

The concept of comparative advantage is one of the basic foundations of international trade. It assumes as decisive the relative costs of production and not the absolute ones. In other words, countries produce goods that have a lower relative cost compared to the rest of the world.

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Comparative advantage A. is unlikely to​ change, once it has been defined. B. may change as time passes and circumstances change. C. is determined by governments of nations across the globe. D. is independent a countries skilled and unskilled labor quantities.

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Comparative advantage A. is unlikely to change, once it has been defined. B. may change as time passes and circumstances change. C. is determined by governments of nations across the globe. D. is independent a countries skilled and unskilled labor quantities.