A Country Has a Comparative Advantage in a Good If

question 102

Multiple Choice

A country has a comparative advantage in a good if

• A) It can produce more of the good than another country.
• B) It can produce a good at a lower opportunity cost relative to another country.
• C) It can specialize only in two goods.
• D) It also has an absolute advantage in the production of the good.

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Definitions:

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A form of dependence characterized by a perceived need to use a substance for its positive psychological effects.

Physical Dependence

A physiological state where the body depends on a substance to function normally, typically resulting from long-term substance use.

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An individual responsible for overseeing and guiding the work of others.

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