Which of the Following Is TRUE

question 32

Multiple Choice

Which of the following is TRUE?

• A)Adam Smith proposed the theory of comparative advantage as the basis for trade in The Wealth of Nations.
• B)David Ricardo proposed the theory of absolute advantage as the basis for trade.
• C)Absolute advantage is based on comparing the opportunity costs of trading partners.
• D)The Ricardian model assumes labor is perfectly mobile.

Analyze the relationship between depression, optimism, and health.

Understand how stress responses differ by gender and the implications for health and social behavior.

Identify and match mobility and support devices with their correct descriptions or functions.

Understand the principles of body mechanics and its importance in preventing injury.

---

Definitions:

Binding Price Floor

A legal minimum price for a good or service that is set above the equilibrium price, resulting in surpluses.

Binding Price Ceiling

A government-imposed limit on how high a price can be charged for a product, set below the market equilibrium price, leading to shortages.

Decreases

A reduction in size, quantity, or degree; the opposite of increases.

Tax

A mandatory monetary fee or tax levied by a government on individuals or organizations to finance public spending.