Absolute Advantage Is the Basis for Most Global Trade Today

question 208

True/False

Absolute advantage is the basis for most global trade today.

---

Definitions:

Lead Entrepreneur

The primary individual responsible for starting a new business or venture, often driving the vision and strategy forward.

Time-Sales Financing

A financing method where payments are made in installments over a predetermined time period.

Prepayment Penalties

Fees charged to borrowers for paying off a loan early, as compensation for the lender's lost interest income.

Pledge of Inventory

The use of a company's inventory as collateral to secure a loan or meet other financial obligations.