Which of the Following Is Consistent with International Trade Theory

question 82

Multiple Choice

Which of the following is consistent with international trade theory?

• A) The United States needs trade restrictions to stay competitive.
• B) The United States has been falling behind Europe and Japan because its economy is too open.
• C) The standard of living within a country is a function of the economic strength of the economy and not of its relative position.
• D) A country should strive for comparative advantage in manufacturing.

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Definitions:

Osteocytes

Mature bone cells that maintain the bone matrix and communicate with other bone cells.

maintain bone

The process involving a balance of bone formation and bone resorption, necessary for healthy bone density and strength.

Macrophages

Immune cells that engulf and digest cellular debris, foreign substances, microbes, and cancer cells.

Phagocytosis

Phagocytosis is a cell's process of engulfing and digesting solid particles, such as bacteria, as a defense mechanism or for nutrient acquisition.