What Is the Logic Behind Comparative Advantage

question 51

Multiple Choice

What is the logic behind comparative advantage?

• A) Through specialization and trade, one country will always prevail.
• B) Through specialization and trade, two or more countries are made better off.
• C) Through specialization and trade, global resources are preserved.
• D) Through specialization and trade, technological advances are promoted.

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Definitions:

Standing Committees

Permanent committees in legislative bodies that focus on specific areas of public policy, such as finance or agriculture.

Legislation

Laws that have been enacted by a governing body or the process of making or enacting laws.

Select

To choose or pick from a group, often implying careful choice or preference.

Conference

A formal meeting for discussion, often focusing on a specific area of interest or professional field, involving presentations and exchanges of information.