David Ricardo Discovered That Two Countries Can Still Gain by Trading

question 201

Multiple Choice

David Ricardo discovered that two countries can still gain by trading even if one country is more efficient in the production of every commodity.Ricardo's discovery is called the law of

• A)comparative advantage.
• B)absolute advantage.
• C)compensating balances.
• D)increasing returns.

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Definitions:

Continuous-yes Close

A sales technique in which the salesperson leads the customer through a series of questions designed to elicit affirmative answers, culminating in agreement to the sale.

Assumptive Close

A closing technique where the salesperson assumes that the customer has already decided to purchase, and moves forward with steps toward finalizing the sale.

Control Module

A device or set of components that manages the operations of other components in a machine or system.