An Individual or Country That Has a Comparative Advantage in the Production

question 51

Multiple Choice

An individual or country that has a comparative advantage in the production of one good:

• A) may or may not have an absolute advantage in the good's production.
• B) must not have an absolute advantage in the production of the other good.
• C) must have an absolute advantage in the good's production.
• D) must not have an absolute advantage in the good's production.

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Definitions:

Non-prejudiced People

Individuals who do not harbor preconceived judgments or biases against others based on superficial characteristics such as race, gender, or ethnicity.

Negative Stereotypes

Oversimplified and unfavorable beliefs about a particular group of people, often leading to prejudice and discrimination.

Stereotypes

are generalized beliefs about a particular group of people, attributing specific characteristics to all members of the group regardless of individual differences.

Prejudice

A preconceived opinion or feeling, often negative, about a group or individual based on stereotypes rather than actual knowledge or reason.