Which of the Following Is True About the Theory of Absolute

question 32

Multiple Choice

Which of the following is true about the theory of absolute advantage?

• A) The theory accepts the mercantilist idea that international trade is a zero-sum game.
• B) The theory approves the objective of national governments to acquire wealth through restrictive trade policies.
• C) The theory emphasizes that nations should open their doors to trade so that people can obtain more goods at cheaper rates.
• D) The theory measures a nation's wealth by how much gold and silver it has on reserve.

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Definitions:

Simplify

The process of expressing something in a more comprehensible or simpler form, in mathematics, typically reducing an expression to its simplest form.

Expression

A combination of symbols that represent a mathematical object, such as numbers, variables, and operation symbols, but without an equals sign.

Complex Fraction

A fraction where the numerator, the denominator, or both contain fractions themselves.

Simplify

The process of reducing an expression or equation to its most basic form.