A Country Has a Comparative Advantage If It Can Produce

question 143

Multiple Choice

A country has a comparative advantage if it can produce a good or service

• A) at a higher opportunity cost than can other nations.
• B) at a lower opportunity cost than can other nations.
• C) by using less resources than other nations.
• D) that lies outside its production possibilities curve.

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Definitions:

Honest

The quality of being truthful, straightforward, and free from deceit or fraud in one’s actions and statements.

Open

Characterized by accessibility, willingness to receive or consider new ideas, and lack of restrictions or barriers.

Johari Window

A model that helps individuals understand their relationship with self and others by categorizing known and unknown aspects of themselves in four quadrants.

Bottom-Right Pane

In a graphical user interface, the section or area located at the bottom-right part of the window or screen, often containing specific additional information or controls.