A Country Has an Absolute Advantage in the Production of a Good

question 47

Multiple Choice

A country has an absolute advantage in the production of a good if thatcountry

• A)can produce the good using fewer resources than another country would require
• B)has the lowest opportunity cost of producing the good and can produce it with the fewest resources
• C)has the lowest opportunity cost of producing the good regardless of whether it is produced with the
• Fewest resources
• D)has the greatest opportunity cost of producing the good regardless of whether it is produced with the
• Fewest resources
• E)has the greatest opportunity cost of producing the good and produces it with the fewest resources

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Definitions:

Intermolecular

Pertaining to forces or interactions that occur between molecules.

Intramolecular

Refers to reactions or processes occurring within a single molecule.

Synthesis Reactions

Chemical reactions in which two or more substances combine to form a more complex product.

Catabolism

The breakdown of complex molecules into smaller units, releasing energy in the process.