Comparative Advantage Theory States That a Country Should Sell to Other

question 21

True/False

Comparative advantage theory states that a country should sell to other countries those products that it produces most efficiently and buy from other countries those products it cannot produce as efficiently.

---

Definitions:

Open Sentence

A mathematical or logical expression containing one or more variables that can be considered true or false depending on the values of those variables.

Quantified Existential

In logic, a quantified existential statement asserts the existence of at least one object or instance that satisfies a certain condition.

Quantity

A property that exists as magnitude or multitude, used in both mathematics and logic to specify the extent or size of a set or group.

Quality

The grade of something determined by assessing it against comparable items; its excellence extent.