If a Country Produces Only Two Goods, It Is Possible

question 161

True/False

If a country produces only two goods, it is possible to have a comparative advantage in the production of both those goods.

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Definitions:

Score

A numerical expression representing a particular value or quantity, especially as assigned during or after an evaluation or test.

Variability

The degree to which data points in a dataset differ from each other and from their mean, showing the spread or dispersion within the set.

Skewness

A measure of the asymmetry of the probability distribution of a random variable about its mean.

Kurtosis

A measure of the "tailedness" of the probability distribution of a real-valued random variable, indicating the sharpness of the peak of a frequency-distribution curve.