Under What Circumstance Does a Country Specialize in Order to Use

question 238

Multiple Choice

Under what circumstance does a country specialize in order to use resources more efficiently?

• A) when there is comparative advantage in production
• B) when there is an absolute advantage in production
• C) when there is disincentive to trade with others
• D) when there is a higher opportunity cost to trade with others

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Definitions:

Degrees Of Freedom

The number of independent values or quantities which can vary in the analysis without violating any constraints.

Observations

Individual data points or measurements collected during a study or experiment.

Determination

The method of precisely determining something, usually by means of calculation or investigation.