Comparative Advantage Is Determined by

question 58

Multiple Choice

Comparative advantage is determined by

• A)the amount of resources needed to produce a good
• B)the money cost of producing any good
• C)the opportunity cost of producing any good
• D)absolute advantage and production possibilities combined
• E)the level of demand for a good

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Definitions:

Nitrogen Gas

A diatomic, colorless, odorless, and tasteless gas that makes up about 78% of the Earth's atmosphere.

Food Chain

A linear sequence of organisms through which nutrients and energy pass as one organism eats another.

Top Predator

A top predator, often situated at the apex of a food chain, is an organism that is not preyed upon by any other in its natural environment.

Stored Energy

energy in a system or object that is not being used and can be released to do work; also known as potential energy.