Two Countries with Differing Comparative Advantages May Engage in Trade

question 2

Multiple Choice

Two countries with differing comparative advantages may engage in trade because

• A)They will be able to consume more goods in total due to specialization and trade.
• B)They will achieve an absolute advantage with one another.
• C)They will be able to produce and consume goods on their production possibilities curves.

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Definitions:

Employment Discrimination

Unfair treatment or prejudice against employees or job applicants based on characteristics like race, gender, age, or disabilities, that are not relevant to their job performance.

Racial Minority

An ethnic group that makes up a smaller percentage of the population compared to the majority group, often facing differing social or economic experiences.

Punitive Damages

Monetary compensation awarded in a lawsuit as a punishment to the defendant and to deter future similar conduct.

Employment Discrimination

Involves treating an employee or job applicant unfavorably because of race, gender, national origin, disability, or other protected characteristics.