Ricardo's Theory of Comparative Advantage Is a Major Intellectual Weapon

question 48

True/False

Ricardo's theory of comparative advantage is a major intellectual weapon for advocates of free trade because it provides a strong rationale for encouraging free trade.

---

Definitions:

Prom Dresses

Special formal dresses worn by students attending their high school prom, a significant social and cultural event in many parts of the world.

Valence

In psychology, valence refers to the intrinsic attractiveness or aversiveness of an event, object, or situation.

Approach-Avoidance

A psychological conflict occurring when a goal or event has both attractive and unattractive qualities.

Good-news Messages

Communication that conveys positive, favorable information or outcomes, typically intended to boost morale or inform recipients of beneficial developments.