When Nations Specialize According to Their Comparative Advantage

question 100

Multiple Choice

When nations specialize according to their comparative advantage

• A) Total production and consumption in the world increase.
• B) Consumption rises in one country but must fall in all others.
• C) Total world production rises but total consumption in the world declines.
• D) none of the above

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Definitions:

Cognitive Control

The ability of individuals to regulate and manipulate their thoughts, emotions, and actions in pursuit of long-term goals.

Crowded

A situation or environment characterized by high density of people or objects within a given space, often causing discomfort or inconvenience.

Nonrenewable Resources

Natural resources such as coal, oil, and natural gas, that cannot be replenished in a short period of time and will eventually deplete.

Sustainable Resources

Natural resources that are used in a manner that satisfies current needs without compromising the ability of future generations to meet their needs.