A Country That Does NOT Engage in Trade Can Benefit

question 67

Multiple Choice

A country that does NOT engage in trade can benefit from trade only if

• A) pre-trade and free-trade relative prices are not identical.
• B) it employs a unique technology.
• C) it has an absolute advantage in at least one good.
• D) its wage rate is below the world average.
• E) pre-trade and free-trade relative prices are identical.

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Definitions:

Anxious-Preoccupied Attachment

An attachment pattern characterized by dependency or "clinginess," not feeling worthy of love coupled with a fear of abandonment.

Sensorimotor Stage

The first of the four stages of cognitive development in Piaget's theory, spanning from birth to about 2 years of age, where infants learn through interacting with the environment using their senses and motor actions.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or touched, a concept crucial in the development of infants.

Fixation Time

The duration for which one's gaze remains on a single location or object.