Free-trade theories recommend that countries:

a. Specialize in products in which they have a comparative advantage
b. Specialize in products in which they have an absolute advantage
c. Avoid specialization to ensure maximum diversity of the marketplace
d. Specialize only in products in which they have both an absolute and a comparative advantage


Ans: a

Political Science

You might also like to view...

Opponents of the estate tax argue that it is unfair for what reason?

A. It is a progressive tax, placing a burden on those with the ability to pay. B. It levels the playing field between generations. C. Everyone should have to earn his or her own way in the world. D. Money in an estate was already once taxed as income.

Political Science

What two features of effective democracy were instituted by the town meeting?

a. majority rule and an organized opposition b. self-government and constitutionalism c. self-government and an organized opposition d. equality and majority rule e. majority rule and self-government.

Political Science

SELECT ALL THAT APPLY. Which of the following are significant components of the paradox of postwar desegregation in terms of minority access to swimming pools?

A. vandalization and destruction of public pools in minority neighborhoods B. dissuasion faced by northern blacks attempting to use pools in white neighborhoods C. disproportionate arrest rates in areas surrounding public pools in minority neighborhoods D. discontinuance of newly integrated pools in Southern cities

Political Science

Explain what the possibilities for a bill are once it has been approved by both the House and the Senate

What will be an ideal response?

Political Science