Adam Smith Recognized the Benefits from Trade Based on ____

question 33

Multiple Choice

Adam Smith recognized the benefits from trade based on ____, and David Ricardo recognized the benefits from trade based on ____.

• A)comparative advantage; resource endowments
• B)absolute advantage; comparative advantage
• C)absolute advantage; resource endowments
• D)comparative advantage; absolute advantage

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Definitions:

Unfriendly Takeover

A takeover bid opposed by the management of the target company.

Stock Delisted

The removal of a company's stock from a stock exchange, meaning it can no longer be bought or sold through the exchange.

Tender Offer

A proposal made publicly by an individual or entity to buy shares from shareholders of a publicly traded company at a specified price for a limited time.

Acquisition Cost

The total cost incurred to acquire an asset, including the purchase price and all related expenses.