Which of the Following Best Describes the Principle of Comparative

question 80

Multiple Choice

Which of the following best describes the principle of comparative advantage?

• A) Some people can produce the same good better than other producers can.
• B) Someone has the ability to produce the same good using fewer inputs than another producer.
• C) Someone has the ability to produce the same good for the lowest opportunity cost.
• D) To produce more of one good, people have to produce less of another good.

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Definitions:

Ingratiation

A social influence strategy where an individual attempts to make oneself more likeable to another, often through flattery or the offering of praise.

Indirect

A method or approach that is not straightforward or direct, often involving secondary or alternative means to achieve an end.

Evasion

The act of avoiding something undesired, such as responsibilities, questions, or physical obstacles, often through skill or deceit.

Bilateral

Involving two sides or parties, often referring to agreements, communications, or relationships that involve direct interaction between two individuals or groups.