According to the Principle of Comparative Advantage,trade Between Two Countries

question 159

Multiple Choice

According to the principle of comparative advantage,trade between two countries will benefit

• A) neither country.
• B) the country with lower production costs.
• C) the country with higher production costs.
• D) both countries.
• E) all workers.

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Definitions:

Economical Premium

A cost-effective payment or fee, usually for insurance, that provides value or savings over time.

Coverage

The extent to which insurance policies or financial protection plans will compensate for losses or damages incurred.

Financial-Planning Consultant

A professional who advises clients on managing their finances and achieving financial goals.

Vicarious Liability

A legal principle where one party is held liable for the actions or omissions of another, typically in an employer-employee relationship.