The Theory of Comparative Advantage Implies Which of the Following

question 16

Multiple Choice

The theory of comparative advantage implies which of the following?

• A) A country with an absolute advantage in a good will necessarily have a comparative advantage in that good.
• B) The gains to trade are exactly offset by the losses from trade.
• C) Workers in an industry in which the United States does not have a comparative advantage will be hurt if the United States reduces barriers to trade.
• D) There are gains to trade for a country as long as that country has a comparative advantage in producing the goods that it imports and exports.

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Definitions:

Child Abuse Prevention

Strategies and actions aimed at stopping maltreatment of children, including physical, emotional, sexual abuse, or neglect.

Homosexuals

Individuals attracted to members of the same sex.

Professionals

Professionals are individuals who possess specialized knowledge, skills, and often credentials in a particular field, engaging in activities considered a profession.

Inappropriate Touching

Touching another person in a way that is unwanted, without consent, or in a sexual manner that is inappropriate for the context or relationship.