Which of the Following Statements Is True of the Theory

question 5

Multiple Choice

Which of the following statements is true of the theory of absolute advantage?

• A) It was advocated by British economist David Ricardo.
• B) It opened the floodgates for the free trade movement.
• C) It suggests that international trade is a zero-sum game.
• D) It is more realistic and useful than comparative advantage when applied in the real world.

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Definitions:

Social Comparison

The process of evaluating oneself in relation to others in order to assess one's own abilities, success, and status.

Involuntary Clients

Individuals who receive services or intervention without their explicit consent, often through legal or other external pressures.

Personal Goals

Individual objectives or ambitions that a person aims to achieve.

Group Goals

Objectives or targets collectively set by a group to be achieved through collaborative effort.