A Resource Is Said to Have a Comparative Advantage If

question 72

Multiple Choice

A resource is said to have a comparative advantage if:

• A) it is better suited to the production of one good than to the production of an alternative good.
• B) it is equally suited to the production of all goods.
• C) its suitability to the production of one good changes as it produces more of that good.
• D) its suitability to the production of one good does not change as it produces more of that good.

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Definitions:

Procedural Justice

The fairness and transparency of the processes that lead to outcomes or decisions.

Perceived Inequity

The feeling or belief that fairness has not been maintained in social exchanges or distribution of resources.

Change Outcomes

The process of influencing or altering the results or consequences of actions to achieve a desired goal.

Change Hierarchy

An organizational or systematic way of prioritizing alterations or amendments in processes, behaviors, or structures within a group or system.