In the Following Structure Where a and B Represent Two

question 9

Multiple Choice

In the following structure where A and B represent two different elements, the valency of A is ________ and B is ________.

• A) one; three
• B) one; five
• C) three; five
• D) eight; eight

---

Definitions:

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors, underpinning the basis for trade.

World Price

The price of a good or service on the international market, shaped by the global forces of supply and demand.

Domestic Price

The cost of products or services in a country, affected by domestic demand and supply factors.

Tariff

A tax or duty to be paid on a particular class of imports or exports, often used as a tool for trade policy.