If Nations Trade on the Basis of Comparative Advantage

question 126

Multiple Choice

If nations trade on the basis of comparative advantage

• A)a nation can usually gain only it has an absolute advantage.
• B)all trading partners share equally in the gain.
• C)all trading partners share in the gain with distribution determined by their negotiating ability.
• D)a nation with an absolute advantage gains more than the other nations.

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Definitions:

Central Selling Point

The main feature or advantage of a product or service that is emphasized in marketing efforts to attract and convince customers.

Position

The condition or status held by an individual or an entity in relation to others, often determined by job role, standing in society, or viewpoint.

Attention-getting Sentence

A sentence designed to capture the interest or focus of the reader or listener immediately.

Sales Information Request

A query or solicitation for detailed information about products or services before making a purchase decision.