In the Globalized Model, the Eventual Equivalency of Domestic and World

question 30

Multiple Choice

In the globalized model, the eventual equivalency of domestic and world prices follows from the:

• A)law of demand.
• B)law of supply.
• C)law of comparative advantage.
• D)law of one price.

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Definitions:

Amino Acids

Compounds that function as the primary elements in the formation of proteins, each characterized by a specific arrangement of nitrogen, carbon, hydrogen, and oxygen.

Chemical Digested

The process of breaking down substances into simpler components through chemical reactions, usually referring to the digestion of food.

Brush Border Cells

Epithelial cells found in the intestinal lining and kidney, characterized by a densely packed layer of microvilli on their apical surface to enhance absorption.

Absorbed

The process by which substances are taken into a more condensed form or into a different medium, such as liquids being taken up by solids.