The Concept of Comparative Advantage Leads to the Conclusion That

question 176

Multiple Choice

The concept of comparative advantage leads to the conclusion that:

• A) beneficial trade takes place if one country can produce everything more efficiently than another country.
• B) trade will benefit the two countries if the relative costs of production differ in the two countries.
• C) benefits from trade are possible only if all tariffs are eliminated.
• D) everyone benefits from increased trade both in the short run and the long run.

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The measure of a person's cognitive abilities and intellectual potential based on standardized tests.

Project Head Start

A program in the United States that provides comprehensive early childhood education, health, nutrition, and parent involvement services to low-income children and their families.

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Pertaining to the uneven distribution or activity level of functions across different parts of an entity, particularly in biological systems such as the human brain.

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