When Two Nations Have Achieved Identical Relative Prices of the Two

question 9

Multiple Choice

When two nations have achieved identical relative prices of the two traded products, we have:

• A) a standoff.
• B) a stalemate.
• C) international trade equilibrium.
• D) absolute advantage once again.

---

Definitions:

Replenishment Cycle

The process and frequency with which inventory is reordered and restocked to maintain sufficient levels.

Order Arrival

The process or moment when a customer's order reaches the seller or when inventory is received by a company from suppliers.

Retail Sale

The selling of goods and services directly to the consumer for personal use, not for resale.

Presynaptic Vesicles

Membrane-bound sacs located in the presynaptic terminal of a neuron containing neurotransmitters that are released into the synaptic cleft upon stimulation.