The theory of absolute advantage suggests that under free, unregulated trade, each nation should specialize in producing those goods it can produce most efficiently.
a. true
b. false
Ans: a. true
Business
You might also like to view...
A bank with a negative repricing (or funding) gap faces refinancing risk.
a. true b. false
Business
A folk custom can be defined as ________
A) behavior shared by a heterogeneous group or by several groups of people B) behavior, often dating back several generations, that is practiced by a homogeneous group of people C) positive or negative evaluations, feelings, and tendencies that individuals harbor toward objects or concepts D) positive or negative evaluations, feelings, and tendencies that individuals harbor toward themselves
Business