Which Statement Is Asserted by the Theory of Absolute Advantage

question 109

Multiple Choice

Which statement is asserted by the theory of absolute advantage?

• A) A country should export those goods for which it is more productive than other countries and trade for those goods for which other countries are more productive.
• B) A country should import goods from developing economies in order to maximize returns on profit and economies of scale.
• C) A country will have a comparative advantage if it makes products that rely on global supply networks.
• D) Most trade in manufactured goods should be between countries with similar per capita incomes.

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Definitions:

Lose 1 Pound

References the process of reducing body weight by one pound, typically through the loss of 3,500 calories.

Postabsorptive State

The metabolic period occurring after the complete digestion and absorption of a meal, when the body begins utilizing stored nutrients for energy.

Glycogen

A large, branched polysaccharide made of glucose molecules, serving as a form of energy storage in humans, animals, fungi, and bacteria.

Glucose

An elementary sugar which is a significant source of energy within living beings and is involved in the formation of lots of carbohydrates.