In Order to Obtain an Efficient Allocation of Resources Worldwide

question 192

Multiple Choice

In order to obtain an efficient allocation of resources worldwide

• A) countries that have a lot of resources should ship resources to countries that do not have a lot of resources.
• B) countries that have a lot of resources should not trade since poorer countries cannot compete.
• C) each country should produce the good they have a comparative advantage in and then trade.
• D) no trade among countries should occur.

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Definitions:

Process Recording

A method used in clinical training and practice to document patient interactions, reflecting on the verbal and non-verbal communication that occurs.

Communication Skills

The ability to convey or share ideas and feelings effectively through verbal, non-verbal, written, and electronic forms.

Shows Sympathy

The expression of understanding, compassion, or sorrow for someone else's suffering or difficulties.

Thick Glasses

Eyeglasses with lenses that are significantly thicker than average, usually prescribed for high degrees of short-sightedness or far-sightedness.