Specialization in Trade Will Be Economically Efficient If It Is

question 274

Multiple Choice

Specialization in trade will be economically efficient if it is based upon

• A) national security needs.
• B) absolute advantage.
• C) comparative advantage.
• D) government regulations.

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Definitions:

Boston Massacre

An incident on March 5, 1770, where British soldiers killed five civilian men in Boston, escalating tensions between American colonists and the British government.

British Soldiers

Members of the military forces of the United Kingdom, known for their roles in various historical conflicts and colonizing efforts around the globe.

Provocation

An action or behavior that incites or stimulates a reaction, often used in a context where the response may be aggressive or contentious.

Massachusetts Assembly

The colonial legislature of Massachusetts, involved in governance and decisions affecting the colony.