Which of the Following Statements About Absolute and Comparative Advantage

question 57

Multiple Choice

Which of the following statements about absolute and comparative advantage is not true?

• A) If a country has a comparative advantage at producing a good, it can have an absolute advantage at producing another good.
• B) If a country has an absolute advantage at producing a good, it can also have a comparative advantage at producing that good.
• C) A country may have an absolute advantage at producing all goods.
• D) A country may have a comparative advantage at producing all goods.

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Definitions:

Rungs

Horizontal lines in ladder logic diagrams that represent individual control circuits, typically containing a series of instructions executed sequentially.

Memory Size

Indicates the total amount of data (typically in bytes) that a computer or device's memory can hold, affecting its ability to store and process information.

Matrix Limitation

Constraints or limitations within a matrix configuration, affecting its structure, processing capabilities, or how data is inputted or retrieved.

Parallel Rows

Lines or arrangements that are side-by-side and equidistant at all points, used in various contexts from agriculture to computing.