If One Producer Has the Absolute Advantage in the Production

question 113

True/False

If one producer has the absolute advantage in the production of all goods, then that same producer will have the comparative advantage in the production of all goods as well.

---

Definitions:

Competence

The legal ability, knowledge, and skill required to do something or to appear in court.

Loyalty

A strong feeling of support or allegiance to someone or something, often expecting a mutual sense of duty and faithfulness in return.

Wrongful Dismissal

Termination of an employee's contract of employment in violation of the law or the terms of the contract itself.

Employment Relationship

A legal and formal association between an employer and an employee where both parties have specific rights and obligations.