When Opportunity Costs Differ Between Countries

question 24

Multiple Choice

When opportunity costs differ between countries,

• A)only the larger countries will benefit from trade.
• B)each country should produce only those goods for which it has an absolute advantage.
• C)comparative advantages may not exist.
• D)specialization and trade can lead to increases in the production of all commodities.
• E)only the smaller countries will benefit from trade.

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Definitions:

Sensory Receptors

Specialized cells or nerve endings that respond to changes in the environment by converting energy from stimuli into nerve impulses.

Hollow Interior

Refers to the inner empty space or cavity within an organ or structure.

Filter Blood

The process of removing waste products and excess substances from the bloodstream, primarily performed by the kidneys.

Glandular

Relating to or affecting the glands of the body, often referring to tissues that secrete hormones or other substances.