A Person Has a Comparative Advantage in the Production of a Good

question 96

Multiple Choice

A person has a comparative advantage in the production of a good when she or he can produce the product at a(n) ________ opportunity cost compared to another person.

• A) higher
• B) lower
• C) equal
• D) diminishing
• E) increasing

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Definitions:

Memory

The faculty by which the mind stores and remembers information.

False Beliefs

False beliefs are convictions or opinions that are not aligned with fact or reality, often stemming from misinformation, misunderstanding, or cognitive distortions.

Deception

The act of misleading or deceiving others through false representations or statements to hide the truth.

Early Childhood

A critical developmental period in human life that spans from birth to 8 years, focusing on growth and learning.