The Idea of Comparative Advantage Implies That People or Countries

question 175

Multiple Choice

The idea of comparative advantage implies that people or countries

• A) should specialize in the production of goods.
• B) can gain from trading.
• C) can consume at a point outside their production possibilities frontier.
• D) all of the above.

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Definitions:

Mainstream

Dominant trends, norms, or values that are widely accepted and practiced within a society or culture.

Racial Justice

Advocacy for fair treatment of all people regardless of race, implicating efforts to address inequalities and systemic racism in society.

Liberal-Left Agenda

A term often used to describe political policies and philosophies that advocate for social equality, environmental protection, and governmental intervention in the economy to support welfare programs.

United Nations

An intergovernmental organization established in 1945 to promote international cooperation and to achieve peace and security.