Which of the Following Statements Is True

question 140

Multiple Choice

Which of the following statements is true?

• A) If a nation can produce more of a good than another nation can, it has a comparative advantage in the production of that good.
• B) Comparative advantage results from a lower opportunity cost of production.
• C) Absolute advantage results from having more resources.
• D) Absolute advantage means that an individual or country can produce more of a particular good than can any other individual or country.

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Definitions:

Cooperativeness

A personality trait that reflects an individual's inclination to work together with others towards common goals or objectives.

Assertiveness

The quality of being self-assured and confident without being aggressive, in the expression of one's desires or rights.

Avoiding

A conflict management strategy where individuals ignore or stay away from confrontation.

Problem-Solving

Problem-solving involves identifying, assessing, and resolving issues through logical and creative approaches.