According to the Theory of Comparative Advantage

question 148

Multiple Choice

According to the theory of comparative advantage:

• A) every country can produce some good with a lower opportunity cost.
• B) every country should produce goods that involve high opportunity costs.
• C) some countries have a comparative advantage in producing every good.
• D) some countries should import every good from other countries.

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Definitions:

Illegal Narcotics

Substances that are prohibited by law due to their potential for abuse and harm.

Fifth Amendment

An amendment to the U.S. Constitution that provides several protections for individuals, including the right against self-incrimination and double jeopardy.

Due Process

The legal requirement that the state must respect all legal rights that are owed to a person, including fair treatment through the normal judicial system.

U.S. Constitution

is the supreme law of the United States of America, establishing the national government, fundamental laws, and guaranteeing certain basic rights for its citizens.