Which of the Following Is True

question 16

Multiple Choice

Which of the following is true?

• A)Adam Smith proposed the theory of comparative advantage as the basis for trade in The Wealth of Nations.
• B)David Ricardo proposed the theory of absolute advantage as the basis for trade.
• C)Absolute advantage is based on comparing the opportunity costs of trading partners.
• D)The Ricardian model assumes labor is perfectly mobile.

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Definitions:

Heart Disease

A range of conditions that affect the heart, including coronary artery disease, arrhythmias, heart failure, and others.

Thromboplastin

A plasma protein that plays a key role in the blood clotting process.

Clotting

The process by which blood changes from a liquid to a solid state, forming a clot to prevent excessive bleeding when vessels are injured.

Capillary Bed

A network of small blood vessels known as capillaries, which facilitate the exchange of oxygen, nutrients, and waste materials between the blood and tissues.