Statement I: the Law of Comparative Advantage States That Total

question 254

Multiple Choice

Statement I: The law of comparative advantage states that total output is greatest when each product is made by the country that has the lowest opportunity cost.
Statement II: Absolute advantage is not necessary for trade to take place,but comparative advantage is.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

---

Definitions:

Critical Race Theory

An interdisciplinary approach used to investigate the intersections of race, class, ethnicity, gender, and sexuality to explain prejudice and discrimination.

Historical Racism

Describes the systematic discrimination and prejudice against certain racial groups, deeply embedded in the history of societies.

Hegemony

Domination through ideological control and consent.

Popular Culture

The set of practices, beliefs, and objects that are dominant or prevalent in a society at a given point in time, often disseminated through mass media.