Which Theory States That a Nation Should Produce and Sell

question 66

Multiple Choice

Which theory states that a nation should produce and sell goods to other countries that it produces most efficiently,and buy goods produced more efficiently by other countries?

• A)Mercantilism.
• B)Bilateral advantage.
• C)Absolute advantage.
• D)Comparative advantage.

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Definitions:

Intelligence

The competency to gain insights from experiences, tackle issues, and utilize what is known to conform to changing environments.

Cognitive Perspective

A psychological approach focusing on mental processes such as perception, memory, and problem-solving.

Retrieve Information

The process or action of regaining or recalling information from memory storage.

Cognitive Perspective

The cognitive perspective in psychology focuses on the internal processes that influence thought patterns and behaviors, emphasizing how people interpret, process, and remember information.