Careful specification of performance standards by territory will eliminate inequalities across territories

The absolute advantage theory of international trade states that ________

A) companies should franchise their trademarks to avoid a nation-state's restrictions on foreign direct investment B) all licensing agreements should be subject to restrictions of the host country C) a country would contribute to global efficiency if it produced specialized products more efficiently than others did D) an individual nation should concentrate on exporting the goods that it can produce most efficiently

When inputs are turned into goods and services, value is created

Indicate whether the statement is true or false.