If a Producer Has a Comparative Advantage, Then She Has

question 221

Multiple Choice

If a producer has a comparative advantage, then she has selected the activity that

• A) has the lowest resource cost.
• B) is outside of the production possibilities frontier.
• C) has the lowest opportunity cost.
• D) does not require specialization.

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Definitions:

Carrying Capacity

The maximum number of individuals of a species that an environment can support sustainably without degrading.

Earth's

Pertaining to the third planet from the Sun, known for its vast oceans, atmosphere, and diverse life forms; our home planet.

Exponential Growth

A growth pattern in which the rate of growth is proportional to the current size, resulting in a rapid increase over time.

Survivorship

The percentage of members of a group that are likely to survive to any given age.