Individuals a and B Both Produce Good X

question 380

Multiple Choice

Individuals A and B both produce good X. A has a comparative advantage in the production of good X if A

• A) has a lower opportunity cost of producing good X than has B.
• B) has a lower opportunity cost of producing good X than of producing good Y.
• C) can produce more units of X in a given time period than can B.
• D) can produce X using newer technology than can B.

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Definitions:

Ménière's Disease

A disorder of the inner ear causing vertigo, hearing loss, and tinnitus.

Tinnitus

A condition characterized by hearing noises in the ears (such as ringing, buzzing, or hissing) when there is no external sound source.

Methicillin-Resistant Staphylococcus Aureus

A type of bacterium that is resistant to several antibiotics, originally methicillin, causing infections in different parts of the body.

Vancomycin

An antibiotic used in the treatment of serious bacterial infections, especially those resistant to other antibiotics.