Evaluate the following statement declaring it true or false

Evaluate the following statement, declaring it true or false (or something in between) and then justifying that declaration: “There is no reason why countries which are identical in terms of resources, productivity and demand preferences would trade because no country has comparative advantage in anything.”

Solution

A morality concern how one ought to live one’s life, and ethics refers to the codes of conduct governing social interactions. To live morally or ethically is to adhere to standards of right conduct, to act well, to be a good person, law is also a code of conduct. Ethics, morality, and law constrain what individuals may do, but in different ways. That an act is immoral or unethical is for many people sufficient reason not to commit it. For others, only the threat of legal punishment is sufficient. Laws are enforced by punishment is sufficient. Laws are enforced by punishment or damage awards, executed after a judicial determination according to procedures laid out by an authoritative governing body. Moral laws or principles have no similar enforcement mechanism, relying instead on individual con-science, social pressure, or perhaps the fear of God, although the philosopher Immanuel Kant (Groundwork of the Metaphysics of Morals, 1785) held that if you refrain from acting badly because you fear God or legal punishment, you are not really acting morally- a moral act must be done for the sake of morality.