The Theory of Comparative Advantage Is

question 179

Multiple Choice

The theory of comparative advantage is:

• A) rarely relevant for identifying whether gains from trade can be obtained.
• B) always relevant for identifying whether gains from trade can be obtained.
• C) not true for nations, though it may be true for individuals.
• D) true for nations, but it is not true for business or individuals.

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Definitions:

Hydrothermal Vents

Gaps on the ocean floor releasing warm water abundant in minerals, which foster distinct biological communities.

Orgel and Crick

Scientists known for theories regarding the origin of life, including the notion that life on Earth could have originated from RNA molecules.

Eukaryotic Nuclei

The membrane-bound organelle found in eukaryotic cells that contains most of the cell's genetic material.

Endosymbiotic Relationship

A mutual relationship in which one organism lives inside another, both benefiting from the association.