Individuals a and B Both Produce Good X

question 357

Multiple Choice

Individuals A and B both produce good X. A has a comparative advantage in the production of good X if A

• A) can produce more units of X in a given time period than can B.
• B) has a lower opportunity cost of producing good X than has B.
• C) can produce X using newer technology than can B.
• D) has a lower opportunity cost of producing good X than of producing good Y.

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Definitions:

Tort Case

A legal case involving civil wrongs not arising out of contractual obligations.

Intent

In legal terms, it refers to the determination to perform a particular act or to act in a particular manner for a specific reason.

Consequences

Consequences refer to the outcomes, effects, or repercussions of actions or decisions, which may influence future behavior or circumstances.

Behavior

Actions or reactions of an individual or group in response to external or internal stimuli.