A Country Has a Comparative Advantage in a Product If

question 38

Multiple Choice

A country has a comparative advantage in a product if the world price is

• A)lower than that country's domestic price without trade.
• B)higher than that country's domestic price without trade.
• C)equal to that country's domestic price without trade.
• D)not subject to manipulation by organizations that govern international trade.

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Definitions:

Ten Commandments

A set of biblical principles relating to ethics and worship, which play a fundamental role in Judaism and Christianity.

Stepparenting

The act of parenting a child that is not one's biological offspring, typically in a blended family setting resulting from remarriage.

Neutral Territory

An area or space that is not controlled or claimed by any one party, often used as a safe zone for negotiations or meetings between conflicting parties.

Enforcement of Limits

The implementation and maintenance of boundaries or rules to ensure proper behavior or actions.