Underlying the Theory of Comparative Advantage Are Assumptions Regarding

question 12

Multiple Choice

Underlying the theory of comparative advantage are assumptions regarding

• A)free trade between nations.
• B)that the factors of production (land, labor, capital, and entrepreneurial ability) are relatively immobile.
• C)that the factors of production (land, labor, capital, and entrepreneurial ability) are relatively mobile.
• D)a and b

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Definitions:

Normality

The condition or state of conforming to a standard, norm, or expectation that is typical within a society or group.

Rehabilitation

The practice of rehabilitating an individual to their normal state of health or life by means of therapy and training following imprisonment, addiction, or disease.

Rehabilitation Movement

A social and legal initiative aimed at reforming offenders through therapy, education, and support in order to reduce recidivism and integrate them back into society.

Stereotyped

Having oversimplified, fixed ideas or images of particular groups of people or things, often not based on personal experience and leading to prejudiced attitudes or actions.