Which of the Following Is True

question 176

Multiple Choice

Which of the following is true?

• A)A nation cannot have a comparative advantage in the production of every good.
• B)A nation cannot have an absolute advantage in the production of every good.
• C)A nation can have a comparative advantage in the production of every good, but not an absolute advantage.
• D)A nation can have a comparative advantage in the production of a good only if it also has an absolute advantage.
• E)A nation cannot have an absolute advantage in the production of a good unless it also has a comparative advantage.

---

Definitions:

Tangible Harm

Real, physical, or material damage or loss that can be quantified or observed.

Transfer Document

A legal document evidencing the transfer of ownership or title from one party to another.

Partnership Property

Assets owned by a partnership, regarded collectively as belonging to the partnership entity, not the individual partners.

Partner's Funds

Refers to the capital or resources invested in a partnership by its partners.