The Law of Comparative Advantage Explains Why a Nation Will

question 36

Multiple Choice

The law of comparative advantage explains why a nation will benefit from trade when

• A) it exports more than it imports.
• B) its trading partners are experiencing offsetting losses.
• C) it exports goods for which it is a high-opportunity cost producer, while importing those for which it is a low-opportunity cost producer.
• D) it exports goods for which it is a low-opportunity cost producer, while importing those for which it is a high-opportunity cost producer.

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Definitions:

Blood Clotting

A biological mechanism wherein blood cells and fibrin strands form a clot to stop bleeding and begin repair of the damaged vessel.

Cardiac Output

The volume of blood the heart pumps through the circulatory system in a minute.

Stroke Volume

The amount of blood ejected by the left ventricle of the heart in one contraction.

Lymphatic System

A subsystem of the cardiovascular system; returns excess interstitial fluid (lymph) to the circulation; defends the body against disease organisms.