The Principle of Comparative Advantage Does Not Provide Answers to Certain

question 202

Multiple Choice

The principle of comparative advantage does not provide answers to certain questions.One of those questions is as follows:

• A)Do specialization and trade benefit more than one party to a trade?
• B)Is it absolute advantage or comparative advantage that really matters?
• C)How are the gains from trade shared among the parties to a trade?
• D)Is it possible for specialization and trade to increase total output of traded goods?

---

Definitions:

Absolute Confidentiality

The strict obligation to not disclose information shared in a private setting to any third parties without clear consent.

Legal Proceedings

Activities that seek to invoke or are in accordance with the law, including trials, hearings, and other formalities leading to the enforcement or recognition of legal rights.

Conditional Confidentiality

An agreement in counseling or research settings where the expectation of privacy is subject to certain exceptions, usually involving the safety of the individual or others.

Sexism

The belief or behavior based on the idea that one sex is superior to another, often resulting in discrimination or prejudice against people based on their sex or gender.