Assume That Greece Has a Comparative Advantage in Fish and Germany

question 60

Multiple Choice

Assume that Greece has a comparative advantage in fish and Germany has a comparative advantage in cars. What will happen if these two countries specialize and trade according to their comparative advantage?

• A)All individuals in both countries will benefit.
• B)Greece will specialize in and export cars.
• C)Germany will produce more cars than in the absence of trade.
• D)Germany will produce more fish than in the absence of trade.

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Definitions:

Introverted Sensing

A cognitive function in psychological typologies, notably in the Myers-Briggs Type Indicator (MBTI), focused on recalling past experiences and sensing details in the immediate environment.

Persona Archetype

The public face or role a person presents to others.

Psychological Functions

The varied processes by which individuals perceive, think, feel, and act, often discussed in the context of understanding human behavior and mental health.

Masculine Aspects

Traits or characteristics traditionally considered typical of, or appropriate for, a male.