Individuals a and B Both Produce Good X

question 380

Multiple Choice

Individuals A and B both produce good X. A has a comparative advantage in the production of good X if A

• A) has a lower opportunity cost of producing good X than has B.
• B) has a lower opportunity cost of producing good X than of producing good Y.
• C) can produce more units of X in a given time period than can B.
• D) can produce X using newer technology than can B.

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Definitions:

Good-Natured, Cooperative, Trusting

Describes an individual or group character that is friendly, willing to work together, and has confidence in the reliability of others.

Conscientious Person

A conscientious person is someone who shows diligence and a strong sense of duty or responsibility towards their obligations and tasks.

Focuses on What Can

A proactive approach that emphasizes potential opportunities and solutions rather than limitations or problems.

Accomplished

Having completed or achieved something successfully, often with skill or excellence.