A Country Has a Comparative Advantage Over Another in the Production

question 182

Multiple Choice

A country has a comparative advantage over another in the production of gadgets if it can produce

• A)more gadgets than can the other country.
• B)more gadgets than can any other country.
• C)gadgets more efficiently than it can produce any other good.
• D)gadgets at lower opportunity cost than can the other country.

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Definitions:

Stay-at-home Dad

A father who chooses to be the primary caregiver of the children and the house while the partner works outside the home.

Two-income Parents

Households where both parents work to provide financial support, contrasting with traditional single-earner families.

Adult Role Models

Individuals who exhibit behaviors and qualities that are positive examples for others, especially younger people, to emulate.

Income Inequality

The uneven distribution of income within a population, leading to a gap between the wealthy and the poor.