If a Nation Has an Absolute Advantage in the Production

question 184

Multiple Choice

If a nation has an absolute advantage in the production of some commodity, it

• A)can gain only if it has a comparative advantage in the commodity.
• B)may still gain from trade in the commodity.
• C)cannot gain from trade in the commodity.
• D)cannot gain unless it has an absolute advantage in every other commodity.

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Definitions:

Conscientious Person

A conscientious person is someone who shows diligence and a strong sense of duty or responsibility towards their obligations and tasks.

Focuses on What Can

A proactive approach that emphasizes potential opportunities and solutions rather than limitations or problems.

Accomplished

Having completed or achieved something successfully, often with skill or excellence.

Commitments

Obligations or pledges to carry out specific actions or uphold particular standards or values.