Comparative Advantage Is the Only Reason Countries Trade

question 243

True/False

Comparative advantage is the only reason countries trade.

---

Definitions:

Rejection

In contract law, rejection refers to the refusal to accept an offer or a performance that does not conform to the terms of the contract, effectively terminating the offer.

Subject Matter

The specific topic, content, or area of focus of a discussion, study, or document.

Impossibility of Fact

A situation where the completion of a contractual duty or obligation cannot occur due to unforeseen and unavoidable factual circumstances.

Hardship Rule

A legal principle allowing for the modification or termination of a contract when unforeseen hardships render its performance impractical or excessively burdensome.