Vector =

question 10

Multiple Choice

Vector = + . Under what condition is = + ?

• A)The statement is always true.
• B)Vectors and are in perpendicular directions.
• C)The statement is never true.
• D)Vectors and are in opposite directions.
• E)Vectors and are in the same direction.

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Definitions:

Capital

Refers to financial assets or physical resources that are used in producing goods or providing services.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than others.

Comparative Advantage

An economic principle stating that countries or entities gain and benefit from trade when they specialize in producing goods for which they have a lower opportunity cost than their trading partners.

Production

The process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output).