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The Theory Which Suggested That Countries Would Mutually Benefit from Trade

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The theory which suggested that countries would mutually benefit from trade by specializing in export goods they could produce at a lower opportunity cost than another country is called:


Definitions:

Individualistic

Refers to a social theory favoring freedom of action for individuals over collective or state control.

Power Distance

A cultural dimension that reflects the extent to which individuals in a society accept that power is distributed unequally.

Adoption Studies

Research methods in behavioral genetics that compare the traits of adopted children to those of their adoptive and biological parents to understand genetic and environmental influences.

Heritability of Traits

The proportion of variation in traits among individuals that can be attributed to genetic factors.

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