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.

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Definitions:

Environmental And Genetic Interactions

The complex interplay between genetic makeup and environmental factors that influence an individual's traits and behaviors.

Behavioral Genetics

The study of how genetic and environmental factors influence behaviors, traits, and abilities.

Biological Phenomena

Natural processes and functions observed in living organisms, including growth, reproduction, metabolism, and adaptation.

Psychological Phenomena

Events, processes, or behaviors that stem from the mind and emotions, encompassing a wide range of human activities and experiences.