If a Nation Does Not Have an Absolute Advantage in Producing

question 87

Multiple Choice

If a nation does not have an absolute advantage in producing anything, it

• A)has no comparative advantage either.
• B)will have a comparative advantage in the activity in which it is least inefficient.
• C)will try to get along without trade.
• D)will export raw materials and import finished products.

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Definitions:

Pressure Tactic

A strategic method used to influence or persuade others by applying stress or discomfort, often seen in negotiations or conflict situations.

Coalition Tactic

A strategy where individuals or groups come together to form a temporary alliance to achieve a common goal, particularly in negotiations or organizational politics.

Exchange Tactic

A strategy used in negotiations or interactions where one party offers something in return for something from the other party, emphasizing reciprocity.

Domination

The exercise of control or influence over someone or something, often in a manner that restricts freedom or autonomy.