What Was the Basic Insight of the Theory of Comparative

question 5

Multiple Choice

What was the basic insight of the theory of comparative advantage?

• A) Efficiency can be achieved by minimizing opportunity costs.
• B) Efficiency can be achieved by what a country could less expensively produce than its trading partners.
• C) Efficiency is the result of self-sufficiency in all economic inputs.
• D) Efficiency results from maximizing the number of a country's trading partners.

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Definitions:

Fear of Danger

A basic emotional state characterized by the anticipation or awareness of potential harm or threats.

Contamination

The presence of an unwanted substance or microorganism in another substance, place, or physical body, leading to potential harm.

Prevalence Rate

The proportion of a population found to have a particular condition at a specific time.

Unipolar Depression

A major depressive disorder characterized by persistent and intense feelings of sadness or despair without the episodes of mania that occur in bipolar disorder.