The Concept of ________ Explains How Trade Between Two Countries

question 154

Multiple Choice

The concept of ________ explains how trade between two countries can make each better off.

• A)absolute advantage
• B)comparative advantage
• C)autarky
• D)trade barriers

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Definitions:

Conservation Of Liquid

a cognitive skill, identified by Piaget, that allows a child to understand that the quantity of a liquid remains the same despite changes in the shape of its container.

Conservation

The understanding that certain properties of objects, like volume or mass, remain the same despite changes in the objects' form or appearance.

Length

A measurement of how long something is from end to end, typically measured in units such as meters, feet, or inches.

Conservation

In cognitive development, the understanding that certain properties of objects remain the same despite changes in the object's appearance.