A Country Has an Absolute Advantage in the Production of a Good

question 69

Multiple Choice

A country has an absolute advantage in the production of a good if that country

• A)can produce the good using fewer resources than another country would require
• B)has the lowest opportunity cost of producing the good and can produce it with the fewest resources
• C)has the lowest opportunity cost of producing the good regardless of whether it is produced with the fewest resources
• D)has the greatest opportunity cost of producing the good regardless of whether it is produced with the fewest resources
• E)has the greatest opportunity cost of producing the good and produces it with the fewest resources

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Definitions:

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A philosophical dilemma concerning the relationship between thought and consciousness in the human mind and the brain as part of the physical body.

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The chemicals that allow one neuron to affect, or communicate with, another.

Philosophical Argument

A reasoned and logical discussion that seeks to establish a truth through the use of critical thinking and theoretical reasoning.