If Italy Has an Absolute Advantage in the Production of an Item

question 34

True/False

If Italy has an absolute advantage in the production of an item, it must also have a comparative advantage in the production of that item.

---

Definitions:

CD

A compact disc, a small plastic disc used to store data digitally, including music, images, or software.

Budget Constraint

The limits on the consumption bundles that a consumer can afford, based on their income and the prices of goods and services.

DVD

a digital storage format used to store high-quality video, audio, and data.

CD

Short for Compact Disc, a digital optical disc data storage format used for storing digital audio, video, and data.