The Law of Comparative Advantage States That the Person Who

question 39

Multiple Choice

The law of comparative advantage states that the person who should produce a good is the person who

• A)has the lowest opportunity cost of producing that good
• B)can produce that good using the fewest resources
• C)will produce that good using the most expensive resources
• D)has the most desire for that good
• E)has produced that good in the past

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Definitions:

Word Superiority Effect

A phenomenon where letters are more easily recognized and processed in the context of a word than as isolated letters or in non-words.

Screen

To examine or evaluate something or someone in order to identify certain characteristics, often used in contexts such as medical screening or selection processes.

Letters

Characters that are used in an alphabet to represent sounds and form words.

Word Superiority Effect

A phenomenon in cognitive psychology that people have better recognition of letters presented within words as opposed to isolated letters or letters within non-words.