When One Country Can Produce a Given Amount of a Good

question 75

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 has a comparative advantage in producing the good.
• C)Specialization will definitely increase worldwide consumption possibilities.

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Definitions:

Intermarriage

Marriage between partners who are from different social, racial, religious, ethnic, or cultural backgrounds.

Racism

Prejudice, discrimination, or antagonism directed against individuals or groups based on their race or ethnicity, often stemming from a belief in racial superiority or inferiority.

Internal Colonialism

A concept that explains how a country's dominant group exploits minority groups for its economic advantage, often creating economic and political inequalities within a nation.

Brain Size

The physical measurement of the brain's volume, often discussed in relation to cognitive abilities or evolutionary biology.