Which of the Following Is True

question 23

Multiple Choice

Which of the following is true?

• A) A nation can have a comparative advantage in the production of a good only if it also has an absolute advantage.
• B) A nation can have a comparative advantage in the production of every good, but not an absolute advantage.
• C) A nation cannot have an absolute advantage in the production of every good.
• D) A nation cannot have a comparative advantage in the production of every good.

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Definitions:

Liable

Being legally responsible for something, especially in terms of being subject to legal action or obligation to provide compensation.

Default Judgement

A judgment entered by a court for the plaintiff when the defendant fails to respond to a legal action.

Memorandum of Law

A detailed written document prepared by an attorney to present legal arguments and precedents in support of a case.

Motion to Dismiss

A legal request asking a court to dismiss a case mainly on the grounds that even if all facts claimed are true, there is no legal basis for a lawsuit.