Comparative Advantage Implies That a Country Will

question 128

Multiple Choice

Comparative advantage implies that a country will

• A) import those goods in which the country has a comparative advantage.
• B) export those goods in which the country has a comparative advantage.
• C) find it difficult to conclude free trade agreements with other nations.
• D) export goods produced by domestic industries with low wages relative to its trading partners.

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Definitions:

Northern English Towns

Urban areas located in the northern regions of England, often characterized by their industrial heritage and cultural significance.

Fourth Wave

Often refers to the latest phase or generation in a series of developments or movements, commonly used in context with feminism or technology.

Social Justice

A concept based on the idea of creating a society or institution that is based on the principles of equality and solidarity, understands and values human rights, and recognizes the dignity of every human being.

Third Wave

A term popularized by Alvin Toffler, referring to the post-industrial society stage characterized by the production and dissemination of information technology and services.