When a Country Loses Its Comparative Advantage in the Production

question 114

Multiple Choice

When a country loses its comparative advantage in the production of a good it:

• A) should stop trading and become self-sufficient.
• B) will gain the comparative advantage in the production of another good.
• C) will become a loser in trade in the long run.
• D) will still have the absolute advantage in the production of the good.

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Definitions:

Self-Disclosing Conversation

An interactive communication in which individuals share personal information and feelings that they would not ordinarily reveal to others.

Cohabitation

Living together in a sexual relationship without being married.

Romantic Couple

Two individuals involved in a romantic relationship, characterized by emotional and physical intimacy.

Intimacy

A close, familiar, and affectionate personal relationship with another person that involves a deep level of emotional connection.