A Country That Does Not Engage in Trade Can Benefit

question 3

Multiple Choice

A country that does not engage in trade can benefit from trade only if

• A) pre-trade and free-trade relative prices are not identical.
• B) it employs a unique technology.
• C) it has an absolute advantage in at least one good.
• D) its wage rate is below the world average.
• E) pre-trade and free-trade relative prices are identical.

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Definitions:

Paradoxical Sleep

Also known as REM (Rapid Eye Movement) sleep, it is characterized by vivid dreams and is considered a stage where the brain is highly active but the body's muscles are relaxed.

Brain Activity

The electrical and chemical processes occurring within the brain that enable thought, perception, and other neurological functions.

REM Sleep

A stage of sleep characterized by rapid eye movement, increased brain activity, and vivid dreams.

Nightmares

Disturbing dreams that can cause feelings of fear, terror, distress, or anxiety, often leading to awakening.