If a Country Exports the Good That It Can Produce

question 27

Multiple Choice

If a country exports the good that it can produce at a low opportunity cost and imports those goods that it would otherwise produce at a high opportunity cost, we say that such trade is based on:

• A)the theory of absolute advantage.
• B)the arbitrage pricing theory.
• C)theory of factor endowments.
• D)the theory of comparative advantage.

---

Definitions:

Intensive Care Unit

A specialized department in a hospital that provides intensive treatment and monitoring of critically ill or injured patients.

Urgent Care Clinic

A walk-in clinic focused on the delivery of ambulatory care in a dedicated medical facility outside of a traditional emergency room.

Gunshot Injury

Physical trauma caused by the discharge of firearms, which can lead to serious bodily harm or death.

Restorative Care Services

Services aimed at maintaining and improving a patient's functioning and quality of life, especially after surgery or serious illness.