For a Country to Have a Comparative Advantage in a Good

question 314

Multiple Choice

For a country to have a comparative advantage in a good, it must have:

• A) more labor to produce that good
• B) more capital to produce that good
• C) an ability to produce more of that good than another country has
• D) a lower opportunity cost of producing that good

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Definitions:

Fast Mapping

The rapid mental process by which children learn new words and concepts with minimal exposure.

Bilingual

The ability to speak and understand two languages fluently.

Monolingual

A person or system capable of using or understanding only one language.

Symbolic Structure

Internal and external systems of symbols, signs, and meanings that guide and structure human communication and understanding.