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

---

Definitions:

Multibit

Pertaining to a data format or system that utilizes more than one bit to represent information, allowing for a wider range of values or states.

Analog Devices

Companies or components focused on the design and manufacture of semi-conductor products that process real-world physical phenomena into analog signals, such as temperature or pressure.

Data Transfer

The process of moving information from one location to another, in other words, from register to register, from device to device, and so forth.