A Nation's Comparative Advantage in the Production of an Item

question 94

Multiple Choice

A nation's comparative advantage in the production of an item is determined by:

• A) which country has already specialized in the production of the item.
• B) the total and marginal costs of producing the item.
• C) the opportunity cost of producing the item relative to a trading partner's opportunity cost.
• D) wage rates and other input costs.

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Definitions:

Corporate Security

Encompasses strategies and practices to protect a company's information, assets, and employees from threats such as cyber-attacks, theft, and vandalism.

Proxy Server

A server that acts as a go-between for an application and another server.

Network Configuration

The process of setting up a network's controls, flow, and operation to support the network communication of an organization or network operator.

Print Server

A device (a computer or a separate device) that connects to a printer used by multiple people through a network.