If a Country Has an Absolute Advantage at Producing One

question 50

Multiple Choice

If a country has an absolute advantage at producing one good, which of the following is true?

• A) It cannot have an absolute advantage at producing the other good.
• B) It must also have a comparative advantage at producing both goods.
• C) It can produce more of that good than the other good.
• D) It can produce more of that good given the same resources.

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Definitions:

Resistance to Change

The act of opposing or struggling with modifications or transformations within organizational processes, technologies, or cultures.

Resistance to Change

The act of opposing or struggling with modifications or transformations within an organization or in one's personal life.

Innovation Inertia

The resistance to change or the slowness in adopting new ideas and innovations within an organization.

Departmentalization

A process of grouping people with related job duties, skills, and experiences into different areas within the overall organizational structure.