The Key Benefit of Countries Engaging in Trade Based on Comparative

question 247

Multiple Choice

The key benefit of countries engaging in trade based on comparative advantage is that:

• A) both countries will be able to consume more than with no trade.
• B) it allows countries to produce efficiently inside their individual PPFs.
• C) it allows both countries to maximize their opportunity cost.
• D) None of these is a key benefit.

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Definitions:

Stroke

A medical condition caused by the interruption of blood supply to part of the brain, leading to cell death and potentially resulting in paralysis, speech difficulties, and other health issues.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in air and is absorbed by plants in photosynthesis.

Oxygen

A chemical element essential for most forms of life on Earth, involved in cellular respiration and energy production.

Cardiovascular

Relating to the heart and blood vessels, concerning the circulatory system that transports blood throughout the body.