One Country Has a Comparative Advantage in the Production of a Good

question 240

Multiple Choice

One country has a comparative advantage in the production of a good if:

• A) it has a lower opportunity cost in the production of the good than another country .
• B) it has a higher opportunity cost in the production of the good than another country.
• C) it can produce absolutely more than another country.
• D) the quality of its finished good is consistently higher.

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Definitions:

Cooperation

The process or action of working together towards a common goal or benefit.

Human Need

Essential requirements for physical and psychological well-being in humans.

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