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:

Printed

The output of a document, image, or data that has been transferred from a digital form onto a physical medium like paper.

Calendar

A system for organizing days based on periods such as weeks, months, and years, used for planning events and activities.

Recurrence

Recurrence refers to the repetition of certain actions or events at regular intervals or under specific conditions.

Regular Intervals

Occurrences or events happening at consistent, predictable times or distances apart.