Comparative Advantage in Production of a Good Occurs

question 174

Multiple Choice

Comparative advantage in production of a good occurs

• A) when a country can produce that good using fewer resources than could other countries.
• B) when a country can produce that good at a greater opportunity cost than could other countries.
• C) when a country can produce that good at a lower opportunity cost than could other countries.
• D) when a country has a greater supply of natural resources required to produce that good, compared to other countries.

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Definitions:

Vesicles

Small structures within cells that contain fluid or cytoplasm and are used for storing or transporting substances.

Enzymes

Proteins that catalyze and speed up chemical reactions in the body without being consumed or altered in the process.

Dissecting Microscope

A low magnification microscope designed for viewing and manipulating large, detailed specimens, such as biological tissues during dissection.

Compound Light Microscope

An optical instrument used to magnify images of small objects, consisting of an eyepiece and an objective lens.