It Can Be Shown That Differences in "Before­trade" Relative Prices

question 5

Multiple Choice

It can be shown that differences in "before­trade" relative prices will
Determine:

• A)which nation has the absolute advantage.
• B)which good each nation will export or import.
• C)the quantity traded by each nation.
• D)which nation has the comparative advantage.

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Definitions:

Bonobos

A species of great ape known for their matriarchal societies and complex social behaviors, closely related to humans and chimpanzees.

Reconciliation

In primatology, a friendly reunion between former opponents not long after a conflict.

Bonobos

A species of ape closely related to humans, notable for its matriarchal society and frequent use of social and sexual interactions to maintain community bonds and resolve conflicts.

Polyandrous Families

Social units where a woman has multiple husbands at the same time.