Which of the following correctly analyzes why less developed countries tend to have a comparative advantage in the production of manufactured products? (1 point)
- Less developed countries tend to have superior education systems, which give them a comparative advantage in manufactured products.
- Less developed countries have more regulation of their economy, which contributes to a comparative advantage in manufactured products.
- Less developed countries have more government regulations to protect the environment, which leads to a comparative advantage in the production of manufactured products.
- Less developed countries tend to have lower wage rates, and this contributes to their comparative advantage in manufactured products.