A Country That Does NOT Engage in Trade Can Benefit

question 67

Multiple Choice

A country that does NOT engage in trade can benefit from trade only if

• A) pre-trade and free-trade relative prices are not identical.
• B) it employs a unique technology.
• C) it has an absolute advantage in at least one good.
• D) its wage rate is below the world average.
• E) pre-trade and free-trade relative prices are identical.

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Definitions:

Edema

Swelling caused by excess fluid trapped in the body's tissues, often resulting from inflammation, injury, or medical conditions.

Thoracic Duct

The largest lymphatic vessel in the body, it transports lymph and chyle from the lymphatic system into the circulatory system.

Subclavian Vein

A major vein located under the collarbone that receives blood from the arm and parts of the neck and chest.

Lymph Drainage

The process by which the lymphatic system collects and removes bodily wastes and excess fluids from tissues.