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Trade Occurs Only When a Country Has an Absolute Advantage

question 175

True/False

Trade occurs only when a country has an absolute advantage and not just a comparative advantage over another country.


Definitions:

Mass

A measurement of the amount of matter that an object contains.

Sample

A small part or quantity intended to show what the whole is like, used for analysis or investigation.

Comparison Measurement

A method in science and engineering to determine the difference in magnitude or quantity between two variables or systems.

Accurate

The level of agreement between the outcome of a measurement, calculation, or specification and the correct value or a norm.

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