Trade Between Two Countries Can Benefit Both Countries If

question 15

Multiple Choice

Trade between two countries can benefit both countries if

• A) each country exports that good in which it has a comparative advantage.
• B) each country enjoys superior terms of trade.
• C) each country has a more elastic demand for the imported goods.
• D) each country has a more elastic supply for the exported goods.
• E) each country produces a wide range of goods for export.

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Definitions:

Monochlorination

The chemical process of introducing one chlorine atom into a molecule, commonly used in the organic synthesis of chlorinated compounds.

Methane

A simple hydrocarbon with the chemical formula CH4, known as the simplest alkane and a primary component of natural gas.

Presence

The existence or occurrence of a particular substance or entity within a specific environment or context.

Experimental Conditions

The specific settings, parameters, and environment under which scientific experiments are conducted.