Multiple Choice
Which of the following ideas is closely linked to the theory of absolute advantage?
A) All international trade must be closely regulated by governments.
B) Free market forces should determine how much to trade with minimal government intervention.
C) Governments should actively protect domestic industries from imports and vigorously promote exports.
D) Nations should specialize in economic activities in which they have comparative advantage.
Correct Answer:
Verified
Correct Answer:
Verified
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