If a Country Is Absolutely More Efficient Than Any Other

question 20

Multiple Choice

If a country is absolutely more efficient than any other country in producing everything,then it would

• A) simply export goods and services and import money.
• B) not trade with others because there would be no benefit in doing so.
• C) still benefit that nation to specialize and trade those goods in which it possesses a comparative advantage.
• D) make it unnecessary for other nations to produce anything for themselves.
• E) represent a refutation of the concept of comparative advantage.

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Definitions:

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An organized association of workers formed to protect and further their rights and interests; often engaged in collective bargaining with employers.

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A voting method in which voters' choices in an election or a referendum are anonymous.

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The Occupational Safety and Health Administration, a federal agency responsible for ensuring safe and healthful working conditions for workers by setting and enforcing standards.