According to the Comparative Advantage Model of Trade,to Maximize Its

question 136

Multiple Choice

According to the comparative advantage model of trade,to maximize its gains from trade,a nation should

• A) maximize net exports (or its trade surplus).
• B) export products in which it has a comparative advantage.
• C) export as many products as possible by subsidizing domestic producers that could not otherwise compete with foreign producers.
• D) create jobs by subsidizing the industries that employ the largest number of workers.
• E) subsidize the purchase of imports in order to achieve the highest level of total consumption.

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Definitions:

Genetic Expression

The process by which information from a gene is used to create a functional product, such as protein.

Mind-Body Problem

A philosophical question concerning the relationship between thought and consciousness in the brain and their correlation with the physical body.

Nonmaterial Mind

A philosophical concept suggesting that the mind or consciousness is not purely physical or biological in nature, often discussed in the context of dualism.

Materialism

Philosophical position that behavior can be explained as a function of the nervous system without recourse to the mind.