Which of the Following Is TRUE About the Theory of Absolute

question 60

Multiple Choice

Which of the following is TRUE about the theory of absolute advantage?

• A) The theory accepts the mercantilist idea that international trade is a zero-sum game.
• B) The theory approves the objective of national governments to acquire wealth through restrictive trade policies.
• C) The theory emphasizes that nations should open their doors to trade so that people can obtain more goods at cheaper rates.
• D) The theory measures a nation's wealth by how much gold and silver it has on reserve.

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Definitions:

Julia Lathrop

An American social reformer in the late 19th and early 20th centuries, known for her work in improving the welfare of children, women, and the mentally ill.

Progressive Era

A period of widespread social activism and political reform across the United States from the 1890s to the 1920s, aimed at eliminating problems caused by industrialization, urbanization, immigration, and corruption.

Public Arena

A space where societal issues are discussed and debated, including physical venues like town halls or metaphorical areas like media platforms.

Defense

The action of defending from or resisting attack, or the strategies and structures established for this purpose, relevant in both military and legal contexts.