Comparative Advantage in Production Is Achieved by

question 9

Multiple Choice

Comparative advantage in production is achieved by

• A)Subsidizing,specializing,and lowering the price of an exported good.
• B)Being able to produce a good with fewer inputs than in other countries.
• C)Having terms of trade that are better than the terms of trade faced in other countries.
• D)Having a lower opportunity cost of producing a good relative to that of other countries.

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Definitions:

Species-Specific DNA

Sequences of DNA that are characteristic of and vary between different species, used for identification and study of genetic diversity.

Transgenic DNA

DNA that has been genetically engineered, incorporating genes from other species, often used to give organisms new traits.

Proteomics

The study of proteomes, including the structure, function, and interactions of all the proteins produced by an organism, tissue, or cell.

Genomics

The branch of biology that focuses on the structure, function, evolution, mapping, and editing of genomes, which is the complete set of DNA in an organism.