If a Nation Has an Absolute Advantage in the Production

question 184

Multiple Choice

If a nation has an absolute advantage in the production of some commodity, it

• A)can gain only if it has a comparative advantage in the commodity.
• B)may still gain from trade in the commodity.
• C)cannot gain from trade in the commodity.
• D)cannot gain unless it has an absolute advantage in every other commodity.

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Definitions:

Capitoline Wolf

A bronze sculpture depicting a scene from Roman mythology, specifically the she-wolf suckling the future founders of Rome, Romulus and Remus.

Etruscan Orientalizing

A phase in the early history of ancient Italy, characterized by the influence of Near Eastern art and motifs on Etruscan artifacts and architecture.

Apollo Of Veii

An ancient Etruscan terracotta statue representing the Greek god Apollo, found in the ruins near Veii, Italy.

Colossal

Extremely large or great in scale, size, or extent, often used to describe statues, buildings, and natural features of remarkable magnitude.