If a Country Specializes in Goods That It Can Produce

question 90

Multiple Choice

If a country specializes in goods that it can produce most readily and cheaply and trades those goods for the goods that another country can produce most readily and cheaply, then both countries are exercising which of the following principles?

• A) distinctive advantage
• B) comparative advantage
• C) absolute advantage
• D) parallel competencies

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Definitions:

Homophobia

The fear, hatred, discomfort with, or mistrust of people who are lesbian, gay, bisexual, or transgender.

Manifest

To display or show (a quality or feeling) by one's acts or appearance; to demonstrate.

Cybersex

Virtual sexual encounters or experiences facilitated through the Internet, involving the exchange of sexually explicit messages or the use of webcams, without physical contact.

Societies

are organized groups of individuals living together in communities, often under a common political authority and cultural expectations, sharing distinct traditions, institutions, and values.