Which of the Following Statements Is True

question 65

Multiple Choice

Which of the following statements is true?

• A) The principle of comparative advantage provides a basis for trade when two nations have the same opportunity cost of producing a good.
• B) The principle of absolute advantage provides a basis for the determination of the terms of trade between two trading nations.
• C) The principle of absolute advantage forms the basis of trade when a nation can produce more goods and services compared to other nations.
• D) The principle of comparative advantage provides a range of prices within which trade will occur.

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Definitions:

Big Five Trait

A model in psychology that describes human personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Adult Attachment

Patterns of relational behavior and emotions in adults that mirror the bonding experiences they had in early childhood with caregivers.

Preoccupied

Engrossed or absorbed in thoughts or concerns, often to the extent of being unaware of one's surroundings or other matters.

Dark Triad

A term in psychology that refers to the personality traits of narcissism, Machiavellianism, and psychopathy, which are associated with a more manipulative and self-centered interpersonal style.