If India Has an Absolute Advantage in Rug Production When

question 10

Multiple Choice

If India has an absolute advantage in rug production when compared to England, then:

• A) India should export rugs to England.
• B) England should export rugs to India.
• C) international trade should not occur.
• D) England uses fewer resources to produce rugs than India.
• E) India uses fewer resources to produce rugs than England.

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Definitions:

Peak

The highest point or maximum level of performance, achievement, or growth.

Intimacy

A close, familiar, and usually affectionate or loving personal relationship with another person or group.

Mutual Understanding

A state in which two or more parties possess a shared knowledge or perception regarding specific ideas, values, or situations, leading to enhanced communication and cooperation.

Closeness

The intimacy or degree of proximity and understanding between individuals, fostering strong bonds or relationships.