When One Country Can Produce a Given Amount of a Good

question 142

Multiple Choice

When one country can produce a given amount of a good using fewer inputs than any other country,

• A)It has an absolute advantage in producing the good.
• B)It always has a comparative advantage in producing the good.
• C)Specialization will definitely increase worldwide consumption possibilities.
• D)Specialization will definitely increase worldwide production possibilities.

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Definitions:

Moral Principles

Fundamental beliefs about right and wrong that serve as guides for ethical decision making and behavior.

Postconventional Morality

The highest stage in Kohlberg's theory of moral development, where individuals make ethical decisions based on universal principles of justice that transcend societal and personal norms.

Conventional Morality

A stage of moral development where individuals' reasoning is based on societal norms and the desire to uphold laws and rules to maintain social order.

Moral Equivalence

The idea that two differing actions, beliefs, or values are equally valid or acceptable, often used in ethical and political arguments.