If Country a Has a Comparative Advantage in the Production

question 121

Multiple Choice

If Country A has a comparative advantage in the production of oil relative to Country B,then

• A)Country A also has an absolute advantage in producing oil.
• B)Country A also has an absolute advantage in producing some good other than oil.
• C)the opportunity cost of producing oil is higher in Country A than in Country B.
• D)the opportunity cost of producing oil is lower in Country A than in Country B.
• E)Country A when compared to Country B must have an absolute advantage in producing some good other than oil.

Appreciate the impact of sibling presence on cognitive skills reflecting concepts like the zone of proximal development.

Understand the limitations of preoperational thinking and how they are overcome in later stages.

Acknowledge the influence of cultural factors on the progression through cognitive developmental stages.

Realize the implications of early childhood temperament on later behavior and emotional problems.

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Definitions:

Pleistocene

An epoch of the geological time scale, lasting from about 2.6 million to 11,700 years ago, marked by repeated glacial cycles.

Cretaceous

A geological period of the Mesozoic Era, occurring around 145 to 66 million years ago, known for the dominance of dinosaurs and ending with their mass extinction.

Triassic

The first period of the Mesozoic Era, occurring approximately 252 to 201 million years ago, noted for the rise of reptiles and the first dinosaurs.

Carboniferous

A geologic period and system that spans 60 million years from the end of the Devonian Period about 358.9 million years ago to the beginning of the Permian Period, known for its vast coal beds.