Which of the Following Statements Is NOT an Implication of the Law

question 43

Multiple Choice

Which of the following statements is NOT an implication of the law of comparative advantage?

• A) With sufficiently cheap labor, a nation (say China) could have a competitive advantage in producing and selling all goods to other nations.
• B) Individuals have an economic incentive to specialize in producing goods or services in which they have a comparative advantage.
• C) No nation can produce all goods comparatively cheaper than other nations.
• D) All persons trading goods can have more of all goods.

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Definitions:

Marital Satisfaction

A measure of the well-being and happiness derived from one's marriage or romantic relationship, often assessed through communication, emotional connection, and mutual respect.

Late Adulthood

A stage in human development that typically involves individuals aged 65 and older.

Divorce

The legal dissolution of a marriage by a court or other competent body.

Great-Grandparenting

The role and experience of being the grandparent to one's grandchild's child, involving relationships that span four generations.