The Theory of Comparative Advantage Is

question 179

Multiple Choice

The theory of comparative advantage is:

• A) rarely relevant for identifying whether gains from trade can be obtained.
• B) always relevant for identifying whether gains from trade can be obtained.
• C) not true for nations, though it may be true for individuals.
• D) true for nations, but it is not true for business or individuals.

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Definitions:

Self-Disclosure

The process of voluntarily sharing personal information with others, which is not readily available to them.

Well-Being

A positive condition of existence marked by health, happiness, and prosperity; feeling good about one's life.

Disclosure Reciprocity

The social principle suggesting that openness in communication is often matched by similar openness in response from others.

Self-Esteem

A person's overall subjective emotional evaluation of their own worth.