Country a Has a Comparative Advantage Over Country B in the Production

question 221

True/False

Country A has a comparative advantage over country B in the production of a good if the opportunity cost of producing the good in country A is less than in country B.

---

Definitions:

Spouse

A partner in a marriage or committed romantic relationship.

Socioeconomic Status

Socioeconomic status is a measure of an individual's or family's economic and social position relative to others, based on income, education, and occupation.

Life Structure

In Levinson’s theory, the underlying pattern of a person’s life at a given stage, as defined by relationships, career, race, religion, economic status, and the like.

Separation Anxiety

Fear of separation from a target of attachment.