Examlex

Solved

Use the Following to Answer Questions

question 8

Multiple Choice

Use the following to answer questions:
Figure: Comparative Advantage Use the following to answer questions: Figure: Comparative Advantage   -When countries produce those goods for which they have a comparative advantage: A)  total production and consumption will increase in all countries. B)  trade will increase, but production will decrease. C)  at least one country will be worse off; maximizing production comes from producing those goods for which they have the absolute advantage. D)  they are maximizing their opportunity costs.
-When countries produce those goods for which they have a comparative advantage:


Definitions:

Orderly

A person employed in a hospital or other medical establishment to carry out non-nursing tasks such as transporting patients or maintaining cleanliness and order.

Neat

Characterized by cleanliness, orderliness, and often meticulousness in appearance or arrangement.

Psychic Structure

A concept in psychoanalytic theory referring to the complex psychological and emotional framework that makes up the personality.

Consciousness

The state of being aware of and able to think about one's own existence, sensations, and thoughts.

Related Questions