An Individual or Country That Has a Comparative Advantage in the Production

question 49

Multiple Choice

An individual or country that has a comparative advantage in the production of one good

• A) must have an absolute advantage in the good's production.
• B) must not have an absolute advantage in the good's production.
• C) may or may not have an absolute advantage in the good's production.
• D) must not have an absolute advantage in the production of the other good.

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Definitions:

Societies

Groups of individuals living together in organized communities with shared laws, traditions, and values.

Happy And Prosperous

A state of being characterized by contentment, joy, and success in life's endeavors.

Free

Not under the control or in the power of another; able to act or be done as one wishes.

Construct An Argument

The process of logically assembling reasons, evidence, and facts to support a statement, proposition, or conclusion.