Examples of ________ Show How Trade Between Two Countries Can

question 170

Multiple Choice

Examples of ________ show how trade between two countries can make each better off.

• A) absolute advantage
• B) comparative advantage
• C) autarky
• D) trade barriers

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Definitions:

Ladder Rung

A horizontal section of a ladder logic diagram, representing a specific logic operation in PLC programming.

Off-Delay Timer

An electromechanical relay with contacts that change state a predetermined time period after power is removed from its coil; on re-energization of the coil, the contacts return to their shelf state immediately; also, a programmable logic controller instruction that emulates the operation of the electromechanical off-delay relay.

Ladder Rung

A single line of logic in a ladder diagram that equates to a control circuit, usually comprised of inputs and outputs represented by symbols.

Relay Coil

A component in electrical and electronic engineering that produces a magnetic field when electric current flows through it, typically used to control a circuit by opening or closing connections in another circuit.