The Principle of Comparative Advantage Asserts That

question 12

Multiple Choice

The principle of comparative advantage asserts that

• A)not all countries can benefit from trade with other countries.
• B)the world price of a good will prevail in all countries,regardless of whether those countries allow international trade in that good.
• C)countries can become better off by exporting goods,but they cannot become better off by importing goods.
• D)countries can become better off by specializing in what they do best.

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Definitions:

Minimize Language

The practice of simplifying language use to the most basic necessary elements.

Mental Age

A measure of an individual's mental ability expressed as the age at which an average individual reaches the same ability.

IQ

An abbreviation for Intelligence Quotient, a score derived from standardized tests designed to measure human intelligence and cognitive abilities.

Adaptive Behavior

Behaviors or skills that enable individuals to meet their needs, comply with societal norms, and maintain a level of independence across various environments.