A Person Has a Comparative Advantage in Producing a Particular

question 51

Multiple Choice

A person has a comparative advantage in producing a particular good if that person

• A) has less desire to consume that good than anyone else has.
• B) can produce it at lower opportunity cost than anyone else can.
• C) has more human capital related to that good than anyone else has.
• D) has higher productivity in producing it than anyone else has.

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Definitions:

LaPorta's Study

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Ball and Brown

Researchers who conducted seminal work in accounting, notably on the relationship between stock prices and companies' earnings announcements.

Fundamental Analysis

An approach to evaluating a security that involves examining related economic, financial, and other qualitative and quantitative factors.