A Person Has a Comparative Advantage in an Activity Whenever

question 282

Multiple Choice

A person has a comparative advantage in an activity whenever he or she

• A) can do everything better than anyone else.
• B) can do the activity in less time than anyone else.
• C) can perform the activity at a lower opportunity cost than can anyone else.
• D) has an absolute advantage in the activity.

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Definitions:

Organic Product

A term used to describe substances that have been manufactured or processed without the use of synthetic chemicals, often certified by regulatory bodies.

Hydrazone Derivative

A compound resulting from the reaction of a hydrazine with a carbonyl group, typically in aldehydes or ketones, forming a double N=N bond.

Ketone

An organic compound characterized by a carbonyl group bonded to two carbon atoms.

Organic Product

A compound containing carbon atoms that has been formed as the result of a chemical reaction involving organic molecules.