It Is Possible for a Nation Not to Have an Absolute

question 191

True/False

It is possible for a nation not to have an absolute advantage in anything, but it is not possible for one nation to have a comparative advantage in everything and the other nation to have a comparative advantage in nothing.

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Definitions:

Relative Deprivation

The feeling of dissatisfaction or injustice from perceiving oneself as worse off compared to others.

Satisfaction

A feeling of pleasure or fulfillment resulting from achieving a desire or need.

Behavioral Contrast

A phenomenon observed in operant conditioning where an increase in the reinforcing value of one behavior leads to a decrease in the reinforcing value of another behavior.

Divestiture

The process of a company selling off its assets, investments, or divisions as a strategic move to focus on the core operations or to generate capital.