Both Countries Can Benefit from Trade When

question 51

Multiple Choice

Both countries can benefit from trade when:

• A)at least one country produces the good for which it has an absolute advantage.
• B)each specializes in producing the good for which it has a comparative advantage.
• C)each specializes in producing the good for which it has an absolute advantage.
• D)It is not possible for both countries to benefit.

---

Definitions:

B₂C Respondents

Individuals or consumers who respond or interact with business-to-consumer surveys, studies, or marketing campaigns.

Brand Transparency

The practice of openly sharing all aspects of the company's operations, values, and ethics with consumers, fostering trust and credibility.

Brand Engagement

The process of building a relationship between a brand and its consumers, encouraging loyalty and interaction through various means.

First Moment

An initial point in time or the very first instance of an event or occurrence.