The Principle of Comparative Advantage Indicates That Mutually Beneficial International

question 25

Multiple Choice

The principle of comparative advantage indicates that mutually beneficial international trade can take place only when

• A) tariffs are eliminated.
• B) transportation costs are almost zero.
• C) relative costs of production differ between nations.
• D) a country can produce more of some product than other nations can.

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Definitions:

Instincts

Innate, biologically determined behavior patterns common to all members of a species that are driven by the need to survive and reproduce.

Coping Behavior

Actions and strategies that individuals use to manage stress and navigate difficult situations effectively.

Expressive Behavior

Actions or gestures that convey emotions or feelings to others.

Expressive Behaviors

Actions or reactions that reveal an individual's emotional state or feelings to others, often without the use of words.