The Primary Benefit That Results When a Nation Employs Its

question 80

Multiple Choice

The primary benefit that results when a nation employs its resources in accordance with the principle of comparative advantage is

• A) an expansion in investment resulting from a reallocation of resources away from consumption.
• B) a larger output resulting from a more efficient use of resources.
• C) greater equality of income resulting from an increase in the number of workers.
• D) an increase in the profitability of business enterprises resulting from an increase in investment.

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Definitions:

Linear Equation

An algebraic equation in which each term is either a constant or the product of a constant and (the first power of) a single variable.

Depreciated Value

The reduced worth of an asset over time, typically due to wear and tear or obsolescence.

Tax Purposes

Considerations relevant to the calculation of taxes owed, including income categorization and deduction eligibility.

Estimate Slope

The technique for determining the approximate steepness or gradient of a line on a graph.