Large Developed Countries Can Produce More of Practically Everything Than

question 83

Multiple Choice

Large developed countries can produce more of practically everything than can small, less developed countries. Which of the following statements is true?

• A) The large country has no incentive to trade with the smaller country.
• B) It would be impossible for the smaller country to have a comparative advantage in making any products that the larger country wants to buy.
• C) Trade will benefit both countries if each country has a comparative advantage in a traded product.
• D) Trade between the countries is more likely to benefit the small country and harm the larger country.

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Definitions:

Behavioral Perspective

A psychological approach that emphasizes the study of observable behaviors and the effects of learning and environment on an individual's actions.

Alternative Approaches

Non-traditional methods or techniques used in various fields, including therapy, to achieve desired outcomes.

Paradoxical Interventions

Therapeutic techniques that involve prescribing the symptom or behavior a person wants to change to help them move past resistance.

Meta-analysis

A statistical technique that combines the results of multiple studies to determine the overall effect of a particular intervention or variable.