Select the answer that reflects the relationship between free trade and comparative advantage:
a. There is no relationship between free trade, fair trade, and comparative advantage.
b. While there is no relationship between free trade and comparative advantage, fair trade plays a role.
c. Free trade is a pathway to a country’s ability to fully realize the benefits of comparative advantage.
d. Only fair trade is a pathway to a country’s ability to fully realize the benefits of comparative advantage.
Ans: c
You might also like to view...
News Clip 8.1: Federal Communications CommissionClick on the above link to access the Interactive eBook. Once you've signed in, scroll to page 360 and watch the video. When you've finished watching the video, come back to the test and answer the following questions:Representative Greg Walden emphasized ______ in the video clip.
A. accountability B. authority C. transparency D. bipartisanship
A poll indicating that 92 percent of adults believe an education beyond high school is crucial for success in today’s job market represents which of the following types of opinion?
A. Consensus B. Divisive C. Elite D. Minority E. Nonopinion
The idea that an infinite number of samples drawn from a population will have normally distributed means is called the _____________________.
What will be an ideal response?
Which of the following is a goal for an interest group that goes beyond direct lobbying for particular legislation?
a. Meet with lobbyists from all sides of an issue to get a fair and balanced view of a topic. b. Understand the desires of their constituents and put those desires forward, whether or not they agree with them. c. Monitor proposed legislation and inform members so they can voice approval or disapproval. d. Consider actions that are in the public interest, whether or not their membership agrees with them.