The Comparative Advantage Theory Is Considered to Have Ignored Which

question 101

Multiple Choice

The comparative advantage theory is considered to have ignored which of the following statements?

• A)Constant returns to specialization implies a concave Production Possibility Frontier.
• B)Constant returns to specialization suggests that the gains from specialization are likely to be exhausted before specialization is complete.
• C)It is feasible for a country to specialize to a point where the resulting gains from trade are outweighed by diminishing returns.
• D)Different goods use different resources in different proportions.

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Definitions:

L-dopa

L-dopa is a chemical precursor to dopamine, used as a medication primarily for the treatment of Parkinson's disease and dopamine-responsive dystonias.

Tyrosine

An amino acid that serves as a precursor to several important neurotransmitters, including dopamine, norepinephrine, and epinephrine.

Metabotropic Receptor

Embedded membrane protein with a binding site for a neurotransmitter linked to a G protein; can affect other receptors or act with second messengers to affect other cellular processes, including opening a pore.

Membrane-Spanning Proteins

Proteins that penetrate through the lipid bilayer of cell membranes, often functioning as receptors or channels.