When a Country Has a Lower Opportunity Cost in Producing

question 83

Multiple Choice

When a country has a lower opportunity cost in producing a good than any other country,

• A)It necessarily has an absolute advantage in producing the good.
• B)It has favorable terms of trade in producing the good.
• C)Consumption possibilities will increase with specialization and trade.
• D)Production possibilities are no longer limited.

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Definitions:

Cynicism

A negative attitude or skepticism towards something, often marked by a lack of trust or belief in its value or truth.

Hydrocephalus

A condition characterized by an abnormal accumulation of cerebrospinal fluid within the ventricles of the brain, possibly leading to increased pressure and swelling.

Bulging Fontanel

An outward curving of one of the soft spots on a baby's skull, which can indicate increased intracranial pressure or other health issues.

Dilated Scalp Veins

Enlarged blood vessels on the scalp, often visible and can indicate increased intracranial pressure or other underlying conditions.