In the Theory of Comparative Advantage, a Good Should Be

question 37

Multiple Choice

In the theory of comparative advantage, a good should be produced in that nation where

• A) the production possibilities line lies further to the right than the trading possibilities line.
• B) its cost is least in terms of alternative goods that might otherwise be produced.
• C) its absolute cost in terms of real resources used is least.
• D) its absolute money cost of production is least.

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Definitions:

Temperature

A measure of the warmth or coldness of an object or environment, typically expressed in degrees Celsius or Fahrenheit.

Tint

A hue mixed with white, which lightens the original color without altering its hue; commonly used in design and painting.

Saturation

In digital imaging, it refers to the intensity of colors in a photo or screen image, where higher saturation means more vivid colors.

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