Comparative Advantage Is the Ability of a Country to Produce

question 3

Multiple Choice

Comparative advantage is the ability of a country to produce a good at a ________ opportunity cost relative to other countries.

• A) higher
• B) lower
• C) equivalent
• D) none of the above

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Definitions:

Disease

A condition that impairs the normal functioning of an organism, often characterized by specific symptoms and signs.

Naval Guns

Naval guns are large caliber artillery pieces mounted on ships, used historically in naval warfare to engage other ships or fortifications.

Major Export

The primary good or service sent from one country to another for sale or trade, often a significant part of a nation's economy.

High-Fashion

Refers to the creation and industry surrounding luxury clothes, accessories, and trends, often showcased in fashion shows.