When Two Countries Trade with One Another,it Is Most Likely

question 5

Multiple Choice

When two countries trade with one another,it is most likely because

• A)the wealthy people in each of the two countries are able to benefit,through trade,by taking advantage of other people who are poor.
• B)some people involved in the trade do not understand that one of the two countries will become worse-off because of the trade.
• C)the opportunity costs of producing various goods are identical for the two countries.
• D)the two countries wish to take advantage of the principle of comparative advantage.

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Definitions:

Essential Purpose

The primary or most important goal or function of an object, policy, or legal contract.

Adequate Refund

A reimbursement that is fair and reasonable under the circumstances, often related to the return of purchased goods or services.

Consequential Damages

Refers to secondary or indirect damages that result from a breach of contract, extending beyond the direct damage or loss incurred.

Unconscionable

Describes actions or terms that are so unfair or oppressive to one party that no reasonable or informed person would agree to them.