Ricardo's Theory Showed That If Nations Are Allowed to Trade

question 129

Multiple Choice

Ricardo's theory showed that if nations are allowed to trade freely, the result will be that:

• A) all trading nations benefit by trade.
• B) the manufacturing sector benefits but the consumers lose out.
• C) workers benefit but the government loses tax revenue.
• D) the gains from trade offset the losses from trade exactly.

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Definitions:

Herbal Medication

The use of plants or plant extracts for medicinal purposes to treat or prevent various diseases.

Relaxation

A state of reduced tension and anxiety, often achieved through techniques like meditation, deep-breathing exercises, or leisure activities.

Feelings

Emotional states or reactions that can be influenced by numerous factors, including thoughts, behaviors, and physiological changes.

Family History

The genetic relationships and health history within a family, often used to assess risk for hereditary conditions.