Comparative Advantage Is the Only Reason Countries Trade

question 243

True/False

Comparative advantage is the only reason countries trade.

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Definitions:

Common Sense

Sound practical judgment concerning everyday matters, or a basic ability to perceive, understand, and judge in a manner that is shared by nearly all people.

Prediction

The act of making an educated guess about a future event or outcome based on current data or observations.

Gender-Balanced Group

A group composed of individuals in such a way that there is an equal or nearly equal number of members of different genders.

Theory

A system of ideas intended to explain something, based on general principles independent of the thing to be explained.