International Trade Based on the Principle of Comparative Advantage Creates

question 220

True/False

International trade based on the principle of comparative advantage creates a more efficient allocation of world economic resources.

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Definitions:

Mass

A property of physical objects that measures the amount of matter within them, often influencing how they interact with forces and each other.

Quantity of Matter

This term typically refers to the mass of an object or substance, indicating the amount of material present.

U.S. President

The elected head of state and head of government of the United States, serving as the country's chief executive officer.

Quaker

A member of the Religious Society of Friends, a Christian movement known for its pacifist beliefs, silent worship, and simplicity.