According to David Ricardo's Principle of Comparative Advantage,there Will Be

question 25

Multiple Choice

According to David Ricardo's principle of comparative advantage,there will be gains from international trade

• A)only by a country with an absolute advantage in the production of some commodity.
• B)only by developed countries.
• C)by any trading country with opportunity costs similar to other countries.
• D)by only one country if opportunity costs are identical across countries.
• E)by any country with opportunity costs different from other countries.

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Definitions:

Caregiver

An individual who provides care for another person, such as a child, elderly, or someone with a disability.

IADLs

Stands for Instrumental Activities of Daily Living, which are activities related to independent living, such as managing finances, transportation, and housekeeping.

ADL

Refers to Activities of Daily Living, which are routine activities people do every day without assistance, such as eating, bathing, dressing, toileting.

Self-sufficiency

The ability of an individual or community to meet their needs without external assistance, including producing food, goods, and services required for living.