Which of the Following Statements Is True

question 201

Multiple Choice

Which of the following statements is true?

• A) When two nations specialize and trade, there is a loss of efficiency and both the nations are made worse off.
• B) Trade between two nations is most beneficial when neither has a comparative advantage in the production of any goods and services.
• C) Trade between nations allows each nation to specialize in the production of goods for which it has comparative advantage.
• D) Trade between two nations is possible only when the opportunity costs of producing goods and services in both nations are identical.

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Definitions:

Socially Structured

A term denoting how societies organize themselves through established patterns and systems of social relationships and institutions.

Institutionalized

The incorporation of a practice, organization, or activity into a structured and widely accepted system within society.

Resource Mobilization

Resource Mobilization is a process that involves gathering and deploying both financial and non-financial resources to achieve specific objectives, frequently used in the context of social movements and nonprofit organizations.

Frame Alignment

A process in social movements that involves making individual participants' interests, values, and beliefs congruent with the goals and activities of the movement.