The Gains from Trade Are

question 122

Multiple Choice

The gains from trade are:

• A) higher from trade between a rich nation and a poor nation
• B) based on different wage rates between nations
• C) a result of more efficient resource allocation
• D) based on the principle of absolute advantage

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Definitions:

Chromosomes

Rod-shaped structures in the nuclei of body cells, which contain all the genes and carry all the genetic information necessary to make a human being.

Monozygotic Twins

Twins who are genetically identical, resulting from the splitting of a single fertilized egg.

Genetically Identical

Describes organisms, such as twins or cells, that have exactly the same DNA.

Dizygotic Twins

Also known as fraternal twins, these are siblings born from two separate eggs fertilized by two different sperm, sharing about 50% of their DNA.