The Existence of Absolute Advantage

question 140

Multiple Choice

The existence of absolute advantage

• A)implies that there will be no benefits from trade taking place between two nations.
• B)refers to a situation where one country can produce one particular good with fewer units of resources than the other country.
• C)fosters the self-sufficiency of the two nations.
• D)refers to a situation in which one country can produce all goods with fewer units of resources than can another country.

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Definitions:

Free Association

A psychoanalytic process in which the patient verbalizes thoughts as they occur, without censorship or filtering, to uncover hidden feelings and desires.

Psychoanalysis

A therapeutic approach founded by Freud that aims to explore unconscious motivations and conflicts.

Prefrontal Lobotomy

A surgical procedure once used to treat mental disorders, involving the removal or severing of connections to the brain's prefrontal cortex.

Psychosurgery

A medical intervention involving surgery on the brain to treat psychological disorders, with historical procedures including lobotomy.