What Is Trade Based On

question 197

Multiple Choice

What is trade based on?

• A) absolute advantage
• B) comparative advantage
• C) production costs
• D) relative dollar prices

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Definitions:

Spinal Cord

The cylindrical bundle of nerve fibers and associated tissue that is enclosed in the spine and connects nearly all parts of the body to the brain, forming the central nervous system.

Genetics

The scientific study of heredity and the variation of inherited characteristics.

Cerebral Cortex

The outer layer of the brain, involved in complex functions such as thought, perception, and memory.

Hypothalamus

A region of the brain responsible for the regulation of certain metabolic processes and other activities of the autonomic nervous system, including temperature, hunger, and thirst regulation.