When a Person Has a Comparative Advantage in Producing a Good

question 89

Multiple Choice

When a person has a comparative advantage in producing a good or service, the person has

• A)an increasing marginal benefit in producing the good.
• B)a decreasing opportunity cost in producing that product.
• C)a constant opportunity cost in producing that product.
• D)a higher opportunity cost in producing that product than someone else.
• E)a lower opportunity cost in producing that product than someone else.

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Definitions:

Perception of Threat

The individual or collective interpretation of an event, situation, or entity as posing a potential danger or harm.

Out Groups

Social groups to which an individual does not belong or identify, often perceived as different or outside the norm.

Undifferentiated Attribution

The tendency to ascribe similar characteristics or motives to a group without recognizing individual differences within the group.

Stereotype

A widely held but fixed and oversimplified image or idea of a particular type of person or thing.