The Comparative Advantage Argument in Free Trade

question 67

Multiple Choice

The comparative advantage argument in free trade

• A)ignores the cost of readjustment.
• B)is a short-run argument.
• C)only works for two goods at a time.
• D)none of the options

---

Definitions:

Clients

Individuals or organizations that engage the professional services or advice of another.

Common Law

A legal system based on judicial precedents and customs rather than statutory laws.

Tort Liability

Legal responsibility that arises from the commission of a tort, which is a civil wrong, such as negligence, that causes harm to another.

Negligence

The failure to exercise a level of care that a reasonably prudent person would in similar circumstances, potentially causing harm or damage.