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:

Database

A collection of related files or tables containing data.

Data Hierarchy

A systematic organization of data often in a hierarchical form ranging from bits and bytes up to databases.

Byte

A unit of digital information that most commonly consists of eight bits, representing a single character of data in most computer systems.

Database

An organized collection of structured information, or data, typically stored electronically in a computer system.