The Basis for Trade Is Absolute Advantage,not Comparative Advantage

question 158

True/False

The basis for trade is absolute advantage,not comparative advantage.

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Definitions:

Civil Liability

The legal responsibility of one party to another for damages or losses caused, typically resolved through the payment of compensatory damages or other remedies.

Civil Liability

Legal responsibility requiring a person to compensate for harm or damage they've caused to another entity.

Unregistered Securities

Securities that have not been registered with the Securities and Exchange Commission (SEC) and thus cannot be legally sold in the public securities markets.

1933 Act

Also known as the Securities Act of 1933, it is a U.S. law enacted as part of the New Deal, requiring securities sold to the public through a formal offer to be registered and to disclose relevant financial information.