If a Nation Has an Absolute Advantage in the Production

question 184

Multiple Choice

If a nation has an absolute advantage in the production of some commodity, it

• A)can gain only if it has a comparative advantage in the commodity.
• B)may still gain from trade in the commodity.
• C)cannot gain from trade in the commodity.
• D)cannot gain unless it has an absolute advantage in every other commodity.

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Definitions:

Systematic Desensitization

A behavioral therapy technique aimed at reducing phobic or anxiety responses by gradual exposure to the feared object or situation paired with relaxation techniques.

Cognitive Therapy

A form of psychotherapy that aims to change negative patterns of thinking or behavior that contribute to an individual's psychological distress.

Token Economy

A behavioral modification system based on the systematic reinforcement of target behavior through the distribution and exchange of tokens.

Counterconditioning

A behavior therapy technique where a maladaptive response to a stimulus is replaced with a more desirable one.