A Country Has an Absolute Advantage in Production If

question 36

Multiple Choice

A country has an absolute advantage in production if:

• A) it can produce the same good using fewer inputs than another country.
• B) it can produce a good using fewer inputs than it takes another country to produce a different good.
• C) other countries can produce the same good using fewer inputs.
• D) it has the lowest opportunity cost of producing a good.

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Definitions:

Tranquilizers

Medications used to reduce tension or anxiety, often by depressing nerve function or inducing sedation.

Hereditary Basis

The genetic foundation or background that influences the traits and characteristics that are passed from parents to offspring.

Parkinson's Disease

A degenerative disorder of the central nervous system that often impairs the sufferer's motor skills and speech.

Elderly

A demographic group typically defined as individuals aged 65 years and over, often characterized by increased vulnerability to health issues and social isolation.