What is the law of comparative advantage?
a. It asserts that each country should specialize in what it produces most efficiently, trading surplus production for items that it needs that are produced more efficiently elsewhere.
b. It is a concept in international law that allows countries to obtain a comparative advantage in war by blockading enemy ports.
c. It forces countries in the industrialized world to accept the currency of other industrialized states, but not the currency of nonindustrialized states.
d. It sets the exchange rate between currencies. It was part of the Bretton Woods system, but is no longer in use.
Which of the following is the most important constituent of power?
a. military capabilities
b. natural resources
c. industrial capabilities
d. It is impossible to say that in all situations any constituent of power will be the
most important
Balance-of-power policies always assume that states act to maximize power.
Indicate whether this statement is true or false
One cause for the loss of moderation in the early twentieth-century balance of power was a rise in complacency about peace.
Indicate whether this statement is true or false
After Napoleon's defeat in 1815, the Congress of Vienna established a bipolar order in Europe.
Indicate whether this statement is true or false
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