Which Statement Is True

question 171

Multiple Choice

Which statement is true?

• A)Comparative advantage means that total world output will be greatest when each good is produced by the nation that has the highest domestic opportunity cost.
• B)Comparative advantage means that total world output will decline when each good is produced by the nation with the lowest domestic opportunity cost.
• C)Specialization is complete among nations when opportunity costs rise as any given nation produces more of a particular product.
• D)Specialization is less than complete among nations when opportunity costs rise as any given nation produces more of a particular product.

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Definitions:

Mobility

The ability to move or be moved freely and easily, whether referring to physical movement of individuals or social mobility within hierarchical structures.

Social Class

is a division of a society based on social and economic status, influencing access to resources and opportunities.

Economic Status

A measure of the financial health and wealth of an individual, group, or nation, often evaluated through income, assets, and access to resources.

Status Symbols

Objects or titles used to signify an individual's social position, wealth, or prestige within a society.