Which statement is asserted by the theory of absolute advantage?
A) A country should export those goods for which it is more productive than other countries and trade for those goods for which other countries are more productive.
B) A country should import goods from developing economies in order to maximize returns on profit and economies of scale.
C) A country will have a comparative advantage if it makes products that rely on global supply networks.
D) Most trade in manufactured goods should be between countries with similar per capita incomes.
Question 2
Which regulation prohibits the offering of bribes to any foreign government official in order to influence official actions or policies of that official or to gain or retain business?
A) Foreign Corrupt Practices Act
B) Helms-Burton Act
C) Alien Tort Claims Act
D) Disclosure of Conflict Act
The correct statement about hormones-insulin and glucagon
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