If a Country Produces Only Two Goods,then It Is Not

question 178

True/False

If a country produces only two goods,then it is not possible to have a comparative advantage in the production of both those goods.

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Definitions:

Geometric Sequence

An ordered list of numbers where each term is multiplied by a constant factor to obtain the next term.

N Th Term

The expression that represents the term in a sequence or series that is in position "n", typically referred to in algebra and arithmetic sequences.

Binomial Coefficient

A value that represents the number of ways to choose a specified number of elements out of a set, often expressed as "n choose k".

Sum

The result of adding two or more numbers or quantities.