Two Countries Will Choose to Specialize and Trade Only If

question 134

Multiple Choice

Two countries will choose to specialize and trade only if:

• A) the terms of trade fall between their opportunity costs for producing the goods on their own.
• B) the opportunity costs are the same for the two nations.
• C) the opportunity costs are astronomically high for producing the goods on their own.
• D) one country possesses the absolute advantage in both goods, but the comparative advantage in only one good.

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Definitions:

Egalitarian Message

A communication that promotes equality and equal rights among all people.

Desk And Chairs

Essential pieces of furniture often used in offices, schools, and homes for the purposes of working, studying, or sitting.

Chronemics

The study of how time is used in communication and how it affects interpersonal relationships.

Paraverbal Communication

The aspects of spoken communication that do not involve words, such as pitch, tone, and speed of speaking.