Under the Theory of Comparative Advantage,liberalization of International Trade Will

question 5

Multiple Choice

Under the theory of comparative advantage,liberalization of international trade will

• A)enhance the welfare of the world's citizens.
• B)create unemployment and displacement of workers permanently.
• C)result in higher prices in the long run as monopolists are able to charge higher prices after eliminating their competitors.
• D)all of the above

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Definitions:

Alpha Waves

Brainwave patterns associated with a state of wakeful relaxation and calmness, typically present when the eyes are closed.

REM Sleep

A stage of sleep characterized by rapid eye movements, vivid dreaming, and heightened brain activity.

Rapid Eye Movements

Quick, jerky movements of the eyes that occur during certain stages of sleep, associated with dreaming.

Muscle Tone

Muscle tone is the continuous and passive partial contraction of muscles, which helps maintain posture and readiness for action.