To Gain from Comparative Advantage, Countries Must Not Only Trade

question 124

Multiple Choice

To gain from comparative advantage, countries must not only trade, they must also

• A)save.
• B)invest.
• C)engage in research and development.
• D)engage in capital accumulation.
• E)specialize.

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Definitions:

Cross-sectional Study

A research design that involves analyzing data from a population, or a representative subset, at a specific point in time.

Double-blind Experiment

An experimental design where neither the participants nor the experimenters know who is receiving a particular treatment, preventing bias in the results.

Longitudinal

Relating to research that involves repeated observations of the same variables over short or long periods of time.

Evidence

Information or facts presented in support of an assertion, argument, or as proof of the truth of a statement.