A Person Who Has an Absolute Advantage in the Production

question 122

Multiple Choice

A person who has an absolute advantage in the production of all goods will

• A)also have a comparative advantage in the production of all goods.
• B)not be able to gain from specialization and trade.
• C)produce all goods at the lowest opportunity cost.
• D)not have a comparative advantage in the production of any goods.
• E)have a comparative advantage in the production of only some goods and not others.

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Definitions:

Fatty Acid Derivatives

Prostaglandins, juvenile hormones of insects, and other compounds derived from fatty acids.

Endocrine Gland

An endocrine gland is a gland that secretes hormones directly into the bloodstream to regulate various bodily functions.

Target Tissue

Specific tissues or cells in an organism that are affected by specific hormones or drugs.

Glucagon

A hormone produced by the pancreas that raises blood glucose levels by promoting the breakdown of glycogen to glucose in the liver.