If Everyone Had the Same Opportunity Cost of Producing a Particular

question 122

Multiple Choice

If everyone had the same opportunity cost of producing a particular good,then

• A) everyone would have the same absolute advantage.
• B) no one would have an absolute advantage.
• C) everyone would have the same comparative advantage.
• D) the absolute advantage would be the same for everyone but the comparative advantage would vary.
• E) the absolute and comparative advantage would be the same for everyone.

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Definitions:

True Skin

Another term for the dermis, the layer of skin located beneath the epidermis, containing nerve endings, sweat glands, and blood vessels.

Hypo-

A prefix meaning low, under, beneath, down, or below normal, often used in medical terms.

Hyper-

A prefix meaning excessive or above normal, often used in medical terms to describe conditions involving overactivity.

Intra-

A prefix meaning "within" or "inside," used to denote a location or condition inside a specific boundary.