One Country Has a Comparative Advantage Over Another Country in the Production

question 38

Multiple Choice

One country has a comparative advantage over another country in the production of a good if it

• A) has a curved production possibilities curve and the other country has a linear production possibilities curve.
• B) has a linear production possibilities curve and the other country has a curved production possibilities curve.
• C) is a lower opportunity cost producer of the good.
• D) has lower fixed costs than the other country.

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Definitions:

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Feeling responsible or remorseful for a perceived wrong or crime.

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Units of energy typically used to measure the energy content of foods and beverages, important in diet and metabolism.

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involve the societal norms, values, beliefs, and practices that shape and are shared among members of a particular culture.