Comparative Advantage Differs from Absolute Advantage in That the Former

question 21

Multiple Choice

Comparative advantage differs from absolute advantage in that the former ________, whereas the latter ________.

• A)holds that countries should specialize their production; does not
• B)holds that trade should be kept as nearly in balance as possible; says countries should seek a favorable balance of trade
• C)bases trade on natural advantages; bases trade on acquired advantage
• D)states that there is a basis of trade even if one country can produce everything more efficiently than another country; does not deal with this issue

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Definitions:

Structure Pointer Operator

The operator used to access members of a structure through a pointer in C/C++ (->).

Linked List

A linked list is a data structure consisting of a group of nodes which together represent a sequence. Each node contains data and a reference (link) to the next node in the sequence.

Displays Contents

A general description referring to any method or function that shows or outputs the contents of a data structure or variable to the user.

Bytes

The basic unit of storage in computer memory, typically consisting of 8 bits, used to store a single character or a small amount of data.