When One Person's Opportunity Cost of Producing a Good Is

question 43

Multiple Choice

When one person's opportunity cost of producing a good is lower than another person's opportunity cost of producing the same good, it is called

• A) a comparative advantage.
• B) a tradeoff.
• C) specialisation.
• D) an absolute advantage.
• E) production possibilities.

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Definitions:

Plans

Detailed proposals for doing or achieving something, often involving the establishment of goals, strategies, and actions.

Depressed

A state of low mood and aversion to activity that can affect a person's thoughts, behavior, feelings, and sense of well-being.

Violent Behavior

Actions that involve physical force intended to hurt, damage, or kill someone or something.

Drug Abuse

The habitual taking of addictive or illegal drugs, leading to substance dependence, health problems, and/or social, occupational, and interpersonal issues.