What Should a Country Do If It Has a Comparative

question 65

Multiple Choice

What should a country do if it has a comparative advantage in a product?

• A)It should import that product.
• B)It should export that product.
• C)It should keep the product for domestic use since it is relatively inexpensive to produce.
• D)Without additional information, an import/export decision cannot be made.

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Definitions:

Conflict Theory

A sociological perspective that views social life as a competition, with individuals and groups struggling over resources and power.

Labeling Theory

A sociological theory that suggests the self-identity and behavior of individuals may be determined or influenced by the terms used to describe or classify them.

David Rosenhan

A psychologist known for his influential study "On Being Sane in Insane Places," which challenged the validity of psychiatric diagnoses.

Pseudo-Patients

Individuals who simulate illness to study the treatment environment and practices within mental health institutions, notably in the Rosenhan experiment.