With Increasing Opportunity Costs, Comparative Advantage Depends on a Nation's

question 20

True/False

With increasing opportunity costs, comparative advantage depends on a nation's supply conditions and demand conditions; with constant opportunity costs, comparative advantage depends only on demand conditions.

---

Definitions:

Equity-Method Income

Income recognized by an investor from its investment in another entity, equivalent to the investor's share of the investee's net income.

Net Income

The total profits of a company after all expenses and taxes have been deducted from revenue.

Net Income

Net income is the total profit of a company after all expenses and taxes have been deducted from revenue, indicating its earnings.

Amortization of Bond

The gradual reduction of the book value of a bond payable account through regular payments over the life of the bond.