The Law of Comparative Advantage Indicates That

question 222

Multiple Choice

The law of comparative advantage indicates that

• A) a group of people will reduce their output when each good or service is supplied by the low opportunity cost producer.
• B) trading partners lose when they can acquire a good through trade cheaper than they can produce it.
• C) trade is most effective when people trade only among those in their own nation.
• D) a group of people can increase their output when each good or service is supplied by the low opportunity cost producer.

---

Definitions:

Manager

An individual responsible for controlling or administering all or part of a company or similar organization.

Interpersonal Punishers

Actions or behaviors from one individual that are intended to decrease the frequency of another individual's behavior by introducing a negative consequence or removing a positive stimulus.

Oral Reprimands

Verbal admonishments or criticisms given to correct or discipline someone's behavior.

Nonverbal Punishers

Non-spoken methods used to discourage or suppress certain behaviors, often through negative body language or facial expressions.