Which of the Following Observations Is True of the Principle

question 200

Multiple Choice

Which of the following observations is true of the principle of comparative advantage?

• A)It arises from the absolute cost advantage.
• B)It helps determine most efficient patterns of production.
• C)It was advanced by Adam Smith.
• D)It means producing a good using smaller quantities of resources than others.

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Definitions:

Traits

Enduring characteristics or qualities that define an individual's personality.

Social-cognitive Interaction

The process by which individual cognitive processes are influenced by social context and interactions.

Nature-nurture Theory

A theoretical framework that debates whether human behavior and traits are predetermined by genetics (nature) or influenced by environment and upbringing (nurture).

Heritability

A measure in genetics that indicates how much of the variation in a particular trait within a population can be attributed to genetic differences among individuals in that population.