Two Countries Will Choose to Specialize and Trade Only If

question 145

Multiple Choice

Two countries will choose to specialize and trade only if:

• A) the terms of trade fall between the two nations' opportunity costs for producing the goods on their own.
• B) the opportunity costs are the same for the two nations.
• C) the opportunity costs for producing the goods on their own are astronomically high.
• D) one country has an absolute advantage at producing both goods, but a comparative advantage at producing only one good.

---

Definitions:

Life Expectancy

The average period that a person or organism is expected to live, based on statistical averages of age, geographic region, and other factors.

Sociologists

Scholars or researchers who study human societies, social behaviors, and the structures and processes that organize or influence societal life.

Emotion Labour

The process by which workers manage their feelings and expressions as part of their job roles, often to satisfy organizational or professional expectations.

Emotion Management

The ability to recognize, manage, and control one's emotions and to understand and influence the emotions of others.