_____________ Explains How Mutually Beneficial Trade Can Take Place Even

question 9

Multiple Choice

_____________ explains how mutually beneficial trade can take place even when one nation is less efficient than another nation in the production of all commodities.

• A)Mercantilism
• B)The law of comparative advantage
• C)The labor theory of value
• D)The law of absolute advantage

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Definitions:

Malignant Tumours

Cancerous growths that have the ability to invade nearby tissues and spread to other parts of the body.

Blood

A vital liquid in humans and animals that delivers necessary substances such as nutrients and oxygen to the cells and transports metabolic waste products away.

Volatility

A statistical measure of the dispersion of returns for a given security or market index, often used to quantify the risk of the security or market.

Ether

is a class of organic compounds characterized by an oxygen atom connected to two alkyl or aryl groups, historically used as an anesthetic.