To Gain from Trade, a Country Should

question 65

Multiple Choice

To gain from trade, a country should

• A) always try to get a favorable tariff.
• B) specialize in the commodity for which it has a comparative advantage.
• C) always specialize in the commodity for which it has an absolute advantage.
• D) trade only with its political allies.

---

Definitions:

Breach

An act of breaking or failing to observe a law, agreement, or code of conduct.

Licensed

Having official permission to operate or conduct a certain activity, usually through certification or a permit.

Dental Work

Professional care provided by dentists and related professionals to prevent, diagnose, and treat conditions affecting the teeth and mouth.

Unreasonable Restriction

A limitation or condition imposed upon an activity or behavior that is excessive or unjustified, often subject to legal scrutiny.