According to the Law of Comparative Advantage

question 36

Multiple Choice

According to the law of comparative advantage,

• A) individuals and nations gain when they specialize in producing those goods they consume.
• B) individuals and nations gain when they specialize in producing goods they can produce at a high opportunity cost and can exchange for other desired goods they can produce cheaply.
• C) individuals and nations gain when they specialize in producing those items for which they are the low opportunity cost producers and exchange for other desired goods they can't produce as cheaply.
• D) all of the above are true.

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Definitions:

Internal Control

A process, effected by an entity's board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in effectiveness and efficiency, financial reporting, and compliance with laws and regulations.

Less Burnout

A reduced state of physical, emotional, and mental exhaustion related to stress and overload at work, contributing to higher job satisfaction and well-being.

High Degree

An advanced level of academic achievement, typically a master's or doctorate degree.

Work-family Conflict

The tension that arises when the demands of work and family roles are incompatible in some manner, making it difficult to fulfill both roles effectively.