Which One of the Following Is a Primary Assumption of the Free

question 37

Multiple Choice

Which one of the following is a primary assumption of the free trade theories of specialization?

• A)Domestic resources are unable to move from the production of one good to another.
• B)Countries have objectives other than economic efficiency.
• C)Specialization triggers unemployment.
• D)Resources are immobile internationally.

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Definitions:

Central 68%

Refers to the property in a normal distribution where approximately 68% of the data points lie within one standard deviation of the mean.

Standard Deviation

The statistical measure that quantifies the dispersion or variability within a data set.

Mean

The arithmetic average of a set of numbers, calculated by adding them together and dividing by the count of the numbers.

Z-score

A numerical metric indicating how a specific value compares to the average of a dataset, expressed by the number of standard deviations away from that average.