The Existence of "Absolute Advantage

question 85

Multiple Choice

The existence of "absolute advantage"

• A)implies that there will be no benefits from trade between two nations.
• B)refers to a situation where one country can produce one unit of a given product with fewer resources than the other country.
• C)fosters the self-sufficiency of nations.
• D)refers to a situation where one country can produce one unit of all goods with fewer resources than can another country.
• E)is not physically possible.

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Physiological Aspects

Components or features relating to the functions and processes of living organisms.

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