According to the Theory of Comparative Advantage, a Country

question 73

Multiple Choice

According to the theory of comparative advantage, a country

• A) exports the goods in which its has a comparative advantage.
• B) imposes tariffs on goods in which it does not have comparative advantage.
• C) imports the goods in which it has a comparative advantage.
• D) exports goods in which it has absolute advantage.

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Definitions:

Casual

Something occurring by chance, happening informally, or without serious intention.

Political Process Theory

A theory in sociology that emphasizes the importance of political conditions in the development and outcomes of social movements.

Relative Deprivation Theory

A sociological theory suggesting individuals evaluate their wealth and social status in relation to others, feeling deprived if they perceive themselves as having less.

Value-Added Theory

A sociological theory that views social movements as having layered, accumulative causes such as structural strain, growth and spread of a solution, and the lack of social control.