If a Nation Has an Absolute Advantage in the Production

question 184

Multiple Choice

If a nation has an absolute advantage in the production of some commodity, it

• A)can gain only if it has a comparative advantage in the commodity.
• B)may still gain from trade in the commodity.
• C)cannot gain from trade in the commodity.
• D)cannot gain unless it has an absolute advantage in every other commodity.

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Definitions:

HART Field Devices

Field devices that use the Highway Addressable Remote Transducer protocol, allowing digital communication over traditional 4-20mA analog wiring.

Digital Communications

The exchange of information between electronic devices through digital signals or data, as opposed to analog communications.

DeviceNet Scanner

A device that connects and communicates with various nodes on a DeviceNet network, typically in industrial automation settings.

I/O Modules

Input/Output Modules are hardware used in PLC systems to connect the controller with external devices, facilitating data exchange.