Two Nations Want to Engage in Trade but Discover That

question 36

Multiple Choice

Two nations want to engage in trade but discover that one of them is more efficient in producing all goods. In this case,

• A)no trade is possible.
• B)the more efficient country should produce all goods and export them.
• C)the more efficient country should import all goods.
• D)the less efficient country should engage in importation of goods only.
• E)each nation should export the good in which it has a comparative advantage.

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Definitions:

Administration of Oxygen

The process of providing supplemental oxygen to individuals who are unable to obtain sufficient oxygen through natural breathing, often used in medical emergencies and treatments.

Infant

A very young child or baby, typically under one year of age.

Total Parenteral Nutrition (TPN)

A method of feeding that bypasses the gastrointestinal tract, providing nutrition directly into the bloodstream.

Hyperalimentation

A medical method of providing nutrients directly into the bloodstream, especially for patients who cannot eat or absorb nutrients through traditional means.