Which of the Following Is Not Correct

question 131

Multiple Choice

Which of the following is not correct?

• A)The producer who requires a smaller quantity of inputs to produce a good is said to have an absolute advantage in producing that good.
• B)The producer who gives up less of other goods to produce Good X has the smaller opportunity cost of producing Good X.
• C)The producer who has the smaller opportunity cost of producing a good is said to have a comparative advantage in producing that good.
• D)The gains from specialization and trade are based not on comparative advantage but on absolute advantage.

---

Definitions:

Above Average

Describes a level of performance, capability, or measurement that exceeds the normal or expected standard.

Roots of Prejudice

Foundational aspects or underlying causes that lead to prejudiced attitudes and discriminatory behavior towards others.

Overestimate Similarity

The tendency to think that different elements or situations are more alike than they actually are.

Discriminate Outsiders

The act of treating individuals or groups differently, often negatively, because they are perceived as not belonging to a certain group or community.