According to the Theory of Comparative Advantage

question 11

Multiple Choice

According to the theory of comparative advantage,

• A)a nation should produce the goods at which it is most efficient.
• B)a nation can gain from trade if it is equally inefficient in producing two goods.
• C)a nation must have an absolute advantage in at least one good to gain from trade.
• D)a nation must have an absolute advantage in at least three goods to gain from trade.
• E)a nation should trade with countries with similar levels of per capita income.

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Definitions:

Widowhood

The state or period of being a widow or widower, which involves adjusting to life after the death of a spouse.

Trauma

A deeply distressing or disturbing experience, which can lead to emotional, psychological, or physical distress.

Never-marrieds

Individuals who have never undergone a marital ceremony or registered a marriage legally.

Substitute Marriage

A long-term commitment between two people who don’t plan to marry.