The Principle of Comparative Advantage Does Not Provide Answers to Certain

question 67

Multiple Choice

The principle of comparative advantage does not provide answers to certain questions. One of those questions is

• A)Do specialization and trade benefit more than one party to a trade?
• B)Is it absolute advantage or comparative advantage that really matters?
• C)How are the gains from trade shared among the parties to a trade?
• D)Is it possible for specialization and trade to increase total output of traded goods?

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Definitions:

Self-actualization

A process of fulfilling one's potential and achieving the highest level of human functioning.

Belongingness Needs

A basic human drive to create and sustain robust, enduring connections with others.

Belongingness

The innate human need to feel connected and accepted by others.

Love Needs

Emotional requirements centered on affection, belonging, acceptance, and love from others.