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Please assist with these international business questions mostly need just accurate answers and long explanations are not necessary Adam smith argued that countries should specialize

Please assist with these international business questions mostly need just accurate answers and long explanations are not necessary

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Adam smith argued that countries should specialize in the production of goods for which they have an absolute advantage. Select one: O True ) False According to Ricardo's theory of comparative advantage, countries should produce all the products for which they have an absolute advantage. Select one: O True ) False According to Ricardo's theory of comparative advantage, countries shall not produce a good even if they have an absclute advantage in its production. Select one: O True O False The theory of comparative advantage suggests that trade is a positive-sum game in which all countries that participate realize economic gains. Select one: C True () False Simple model of free trade assumed away transportation costs between countries. Select one: O True () False Resources always move easily from one economic activity to another. Select one: O True O False The production possibility frontier will be parabolic if constant return to specialization is observed. Select one: O True O False The production possibility frontier will be convex if constant return to specialization is observed. Select one: OTrue O False Diminishing returns show that it is feasible for a country to specialize to the degree suggested by the simple Ricardian model. Select one: O True O False The simple comparative advantage model assumed that trade does not change a country's stock of resources or the efficiency with which it utilizes those resources. Select one: O True O False

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