What Does It Mean If the Opportunity Costs Differ Between

question 17

Multiple Choice

What does it mean if the opportunity costs differ between two countries?

• A)Then comparative costs must be the same.
• B)There can be no gains from trade.
• C)It is possible for both countries to gain from specialization and trade.
• D)Then absolute costs must be the same.

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Definitions:

Herring Gull Chicks

Young offspring of the herring gull, a large species of seagull that is often found in the northern hemisphere near coastal areas.

Pecking Response

Innate behavior observed in birds where they peck at objects, often triggered by specific stimuli and linked to feeding or investigative actions.

Fixed Action Pattern

Innate, pre-programmed responses triggered by specific stimuli in animals.

Sound Frequency

The number of vibrations or cycles per second of a sound wave, measured in hertz (Hz), determining the pitch of the sound.