Which of the Following Concepts Provides the Basic Rationale for International

question 94

Multiple Choice

Which of the following concepts provides the basic rationale for international trade?

• A) Increasing opportunity costs.
• B) Consumer sovereignty.
• C) Comparative advantage.
• D) The law of supply.

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Definitions:

Business Executives

Individuals who hold senior management roles within companies, tasked with making strategic decisions to guide the organization towards its goals.

White-Collar Criminals

Individuals who commit crimes in the context of their employment or financial activities, typically involving fraud, embezzlement, or insider trading.

Police Brutality

Excessive or unnecessary force used by police officers against civilians, often leading to violations of civil rights.

Dangerous Chemicals

Substances that pose a considerable risk to human health or the environment due to their toxic, corrosive, reactive, or flammable properties.