Comparative Advantage in International Trade

question 188

Multiple Choice

Comparative advantage in international trade:

• A)is used only by large countries.
• B)is used to determine whether trade will be beneficial to both countries involved.
• C)provides benefits to developed countries only.
• D)does not determine what goods countries should produce.

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Definitions:

Ridicule

To mock, taunt, or make fun of someone or something in a demeaning way.

Neglect

The failure to provide for or attend to someone's needs, care, or wellbeing.

Low-income

A term describing individuals or families that earn significantly less than the average income, often leading to limited access to resources and opportunities.

Middle-income

refers to individuals, families, or countries that fall between the economic classification of poor and wealthy, often characterized by moderate living standards and financial stability.