Countries Should Specialize Only in Products in Which They Have

question 88

True/False

Countries should specialize only in products in which they have an absolute advantage.

---

Definitions:

Illness

A condition of being unwell, either physically or mentally.

Judgment Debt

The amount of money that a court has ordered one party to pay another party as a result of legal action.

Exempt Property

Assets that are protected by law from being seized by creditors or during bankruptcy proceedings.

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to make payments.