Suppose That Only Two Goods Are Produced in an Economy

question 84

Multiple Choice

Suppose that only two goods are produced in an economy. If a country possesses a comparative advantage at producing one good, then it:

• A) must also possess a comparative advantage at producing the other good.
• B) must also possess an absolute advantage at producing that good.
• C) cannot also possess a comparative advantage at producing the other good.
• D) cannot also possess an absolute advantage at producing that good.

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Definitions:

Healthcare-associated Infections

Infections patients can get while receiving treatment for medical or surgical conditions in healthcare facilities.

National SSIs Rate

The national rate of Surgical Site Infections, which are infections that occur after surgery in the part of the body where the surgery took place.

Standard Error

A statistical term that measures the accuracy with which a sample distribution represents a population using standard deviation.

Sample Proportions

The ratio of the number of times an event occurs to the total number of trials or instances.