A Country Has a Comparative Advantage in a Good If

question 125

Multiple Choice

A country has a comparative advantage in a good if

• A)It can produce more of the good than another country.
• B)It can produce a good at a lower opportunity cost relative to another country.
• C)It can specialize only in two goods.

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Definitions:

Cilia

Microscopic, hair-like structures on the surface of cells that move in a wave-like manner to propel substances.

Dynamic Equilibrium

A state of balance between continuing processes, especially in physical and chemical reactions, where forward and reverse processes occur at equal rates.

Cristae

The internal folds of the mitochondrion's inner membrane, where aerobic respiration processes occur, enabling energy production.

Ampulla

A dilation or expansion in a duct or tube, notably the ampulla of Vater in the digestive system, where the bile and pancreatic ducts enter the small intestine.