The Existence of Any "Gains from Trade" Relies on

question 83

Multiple Choice

The existence of any "gains from trade" relies on

• A)closed economies.
• B)absolute advantage.
• C)comparative advantage.
• D)both absolute and comparative advantage.
• E)tariffs

---

Definitions:

Framing Error

A mistake made in how problems, solutions, or decisions are presented or conceptualized, potentially leading to poor outcomes.

Resistance to Change

Opposition or pushback from individuals or groups within an organization towards initiatives, policies, or changes perceived as harmful or unnecessary.

Sucker Trap

A situation where an individual or group is easily deceived or manipulated into a disadvantageous position.

Short-Term Thinking

A focus or emphasis on immediate gains or results, often at the expense of long-term benefits.