If the United States (US) can produce a component of widgets at a lower cost than any other product produced by the US but not as low as the
cost incurred by Canada for producing the same component, does the US
make any gains by continuing to produce said component?
O yes, because the US has the comparative advantage
O no, because Canada has the comparative advantage
O no, because Canada has the absolute advantage
O yes, because the US has the absolute advantage

Where did the term “iron curtain” originate? the warsaw pact used the term iron curtain as a code word for communism. in a 1946 speech, british prime minister winston churchill said an iron curtain had fallen across the continent of europe. while visiting western europe in 1946, u.s. president harry truman commented that the mountains there looked like iron curtains. russian general secretary joseph stalin instructed citizens of eastern europe to hang iron curtains over their windows to protect themselves from stray bullets.