When Two Countries Trade, Total Output Increases When Each Country

question 16

Multiple Choice

When two countries trade, total output increases when each country specializes in something in which it has its respective _____ advantage.

• A) comparative
• B) absolute
• C) equal
• D) production

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Definitions:

Negligence Per Se

An act that is considered negligent because it violates a statute or regulation.

Statute

A statute is a formal written enactment of a legislative body, serving as a law or regulation.

Negligence Per Se

A legal doctrine that deems an act to be negligent because it violates a statute or regulation.

Violation of a Statute

An act or omission that breaches the terms of a law formulated by a governmental body, thus subjecting the violator to legal penalties.