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:

Network Neutrality

The principle that internet service providers should enable access to all content and applications regardless of the source, and without favoring or blocking particular products or websites.

ISPs

Internet Service Providers, companies that provide individuals and organizations access to the Internet and related services.

Collaboration Center

An online platform or workspace that enables individuals and teams to work together, share resources, and communicate effectively regardless of location.

Suppliers

Entities that provide products or services to individuals or other businesses, often playing a critical role in supply chains and production processes.