Comparative Advantage in Production Is Achieved by

question 9

Multiple Choice

Comparative advantage in production is achieved by

• A)Subsidizing,specializing,and lowering the price of an exported good.
• B)Being able to produce a good with fewer inputs than in other countries.
• C)Having terms of trade that are better than the terms of trade faced in other countries.
• D)Having a lower opportunity cost of producing a good relative to that of other countries.

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Definitions:

Accept

To accept is to receive something willingly or to give consent or approval to something.

Kübler-Ross

Refers to the Kübler-Ross model, a theory that outlines five stages of grief people go through: denial, anger, bargaining, depression, and acceptance.

Impending Death

The state of being close to death or approaching the end of life, often associated with terminal illness or critical conditions.

Acceptance

The act of receiving or taking something offered, or the cognitive and emotional embrace of reality or a situation as it is.