While the Country of New Zafariland Specializes in Dairy Products,its

question 12

Multiple Choice

While the country of New Zafariland specializes in dairy products,its geographical neighbor,Zwansea specializes in heavy machinery.New Zafariland exports dairy to Zwansea,which in turn exports heavy machinery to New Zafariland.According to the theory of comparative advantage,this mutually beneficial trade relationship best illustrates

• A)the significance of trade barriers.
• B)a positive-sum game.
• C)a first-mover advantage.
• D)the advantages of mercantilism.
• E)a zero-sum game.

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Definitions:

Obliviousness

The state of being unaware or unconscious of what is happening around one.

Prereflective Thinkers

Individuals who accept ideas and beliefs passively without critical examination or reflection.

Certainty

The state of being sure or confident about something, often without any doubt.

Opinions

Personal beliefs or judgments that are not necessarily based on fact or knowledge.