Comparative Advantage Is the Ability, Compared with Another Producer

question 228

Multiple Choice

Comparative advantage is the ability, compared with another producer

• A) to produce more of a product with the same resources.
• B) to use fewer inputs to produce the same amount of a product.
• C) to produce a higher-quality product with fewer resources.
• D) to produce an additional unit of a product at lower opportunity cost.

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Definitions:

Natural Settings

Environments where behavior occurs spontaneously, without artificial influence or intervention.

Generalization

The term most often used in the applied literature to describe behavior changes that occur in nontraining conditions.

Indiscriminable Contingencies

Situations where it is not clear to the individual what behavior is being reinforced because the reinforcement schedule is unpredictable, increasing the behavior's resistance to extinction.

Common Social Stimuli

Elements or signals in social environments that elicit responses or behaviors from individuals, often studied in psychology and sociology.