The Basic Proposition in International Trade Is That

question 268

Multiple Choice

The basic proposition in international trade is that

• A) trade is determined by absolute advantage.
• B) in the long run, imports are paid for by exports.
• C) everyone is made better off by free trade.
• D) fair trade is more important than free trade.

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Definitions:

Vocabulary Growth

The expansion of the number of words an individual knows and effectively uses in language and communication.

Comprehension

The understanding and interpretation of information, texts, and spoken language.

Fast Mapping

A cognitive process by which children can learn new words or concepts after minimal exposure.

Metalinguistic Awareness

The ability to think about and reflect upon the nature and functions of language.