Absolute Advantage Is the Basis for Gains from Trade

question 33

True/False

Absolute advantage is the basis for gains from trade.

---

Definitions:

Nucleic Acids

are biopolymers essential for all known forms of life, including DNA and RNA, which carry genetic information and play roles in protein synthesis.

Phosphate

A chemical derivative of phosphoric acid, containing the phosphate ion, PO4^3-, which plays a significant role in biological molecules such as DNA and ATP.

Sulfur

A chemical element that is a nonmetal, yellow in color, with the atomic number 16, commonly found in minerals and used in various industrial processes.