If Argentina Has an Absolute Advantage in the Production of Wheat

question 19

Multiple Choice

If Argentina has an absolute advantage in the production of wheat and Chile has an absolute advantage in the production of copper, then:

• A) neither country has anything to gain from specialisation and trade
• B) it is reasonable to expect that specialisation will benefit both countries, but that trade will not
• C) it is reasonable to expect that trade will benefit both countries, but that specialisation will not
• D) it is reasonable to expect that specialisation and trade will benefit both countries

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Definitions:

Exclusive Jurisdiction

The sole power of a court over the particular case or legal issue.

Affidavit

A written statement made under oath, used as evidence in court.

Complaint

A formal legal document submitted to a court that initiates a lawsuit, detailing the plaintiff's grievances and the relief sought.

Legal Relief

Remedies or compensations provided through judicial proceedings for resolving a grievance or dispute.