Is It Possible for a Country to Have an Absolute

question 78

Multiple Choice

Is it possible for a country to have an absolute disadvantage and a comparative advantage in the production of a good?

• A)No,these are incompatible on theoretical grounds.
• B)No,theory prevents it,but some economists claim it could occur.
• C)Yes,this situation can occur.
• D)Yes,in theory,although not in reality.

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Definitions:

Note Payable

A written promise to pay a specific sum of money, usually with interest, on a certain date or dates to the holder of the note.

Accounts Payable

Liabilities representing amounts owed to creditors for goods and services received but not yet paid for.

Additional Paid-in Capital

The amount of money paid by investors for shares above the par value, typically reflecting the excess over the nominal value of shares issued.

Net Income

The remaining profit for a company after removing taxes and expenses from its total income.