A Country Should Export Only Those Goods _____

question 121

Multiple Choice

A country should export only those goods _____

• A) in which it has an absolute advantage.
• B) for which it has favorable terms of trade.
• C) that have higher consumption possibilities.
• D) that have a strong domestic demand.
• E) that have a lower opportunity cost.

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Definitions:

Mechanic's Lien

A legal claim against a property for unpaid construction work or supplies, giving the claimant a right to secure payment.

Personal Property

Movable assets owned by an individual or entity, as opposed to real property like land or buildings.

Real Property

Legal term describing land and anything permanently attached to it, such as buildings.

Mortgagee

The lender in a mortgage loan agreement, typically a bank or financial institution.