Comparative Advantage Is the Ability to Produce

question 110

Multiple Choice

Comparative advantage is the ability to produce:

• A)more of a good than others with a given amount of resources.
• B)relatively more of one good than any other good with a given amount of resources.
• C)a good or service at a lower opportunity cost than others.
• D)more of a good at a lower cost than others.

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Definitions:

Identical Twin Study

Research that compares identical twins to determine the relative influence of genetics versus environment on various traits or conditions.

Genes

Units of heredity made up of DNA that are responsible for the inherited traits and characteristics of organisms.

Family Studies

An academic and research field focusing on the dynamics and relationships within family systems, including aspects of psychology, sociology, and human development.

Twin

One of a pair of siblings born at the same time from the same pregnancy, either identical (monozygotic) or fraternal (dizygotic).