Which Statement Is True

question 7

Multiple Choice

Which statement is true?

• A)In a small country, if the world price is below the domestic no-trade price, the country has a comparative advantage in that good.
• B)In a small country, if the world price is above the domestic no-trade price, the country has a comparative disadvantage in that good.
• C)In a small country, if the world price is below the domestic no-trade price, the country has a comparative disadvantage in that good.
• D)Both a and b are true.
• E)None of the above statements above.

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Definitions:

Verbal Cues

Spoken indicators or commands that convey information or instructions.

Nonverbal Cues

Communication methods that do not involve words but are expressed through body language, facial expressions, gestures, and tone of voice.

Stops Breathing

A cessation of the flow of air to and from the lungs, known medically as apnea, which can be temporary or chronic.

Brain Disorder

A condition affecting the structure or function of the brain, leading to physical or psychological impairments.