To Explain Why Some Nations Purchase Products from Abroad, Even

question 155

Multiple Choice

To explain why some nations purchase products from abroad, even when they have an absolute advantage in production, we have to use the theory of:

• A) absolute advantage.
• B) relative pricing.
• C) comparative advantage.
• D) industrial advantage.

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Definitions:

Axon

The axon is a long, slender projection of a neuron that conducts electrical impulses away from the neuron's cell body toward other neurons or to muscles or glands.

Cell Body

The spherical part of a neuron that contains the nucleus and connects to the dendrites, which receive messages, and the axon, which sends them.

Axon

A long, slender projection of a nerve cell, or neuron, that typically conducts electrical impulses away from the neuron's cell body.

Dendrites

Dendrites are the branched projections of a neuron that act to conduct the electrochemical stimulation received from other neural cells to the cell body, or soma, of the neuron from which the dendrites project.