If 80 Percent of Those Who Provided the Basis for the Test

question 94

Multiple Choice

If 80 percent of those who provided the basis for the test norms for a test earned scores below your score, you would be at the

• A) 20th percentile.
• B) 80th percentile.
• C) 25th percentile.
• D) 75th percentile.

---

Definitions:

Comparative Advantage

The ability of an individual, firm, or country to produce a certain good or service at a lower opportunity cost than others.

Specialize

To focus on a specific area of knowledge, skill, or production, often improving efficiency and quality in the process.

Produce

To create, manufacture, or grow goods and products.

Heckscher-Ohlin Model

An economic theory that proposes countries export what they can most efficiently and abundantly produce, based on their factor endowments of labor, capital, and resources.