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.

---

Definitions:

Cash Over and Short

An account that records the discrepancies between the actual cash received and the expected amount.

Petty Cash Fund

A small amount of cash on hand used for paying expenses too small to merit writing a check.

Petty Cash

A small amount of cash kept on hand used for paying small expenses without writing a check or using a credit card.

Petty Cash Fund

A small amount of cash on hand used for paying minor expenses.