The Primary Benefit That Results When a Nation Employs Its

question 80

Multiple Choice

The primary benefit that results when a nation employs its resources in accordance with the principle of comparative advantage is

• A) an expansion in investment resulting from a reallocation of resources away from consumption.
• B) a larger output resulting from a more efficient use of resources.
• C) greater equality of income resulting from an increase in the number of workers.
• D) an increase in the profitability of business enterprises resulting from an increase in investment.

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Definitions:

Predictive

Relating to the ability to forecast future events, trends, or behaviors based on current or past data.

Correlation Scores

Numerical measures that indicate the extent to which two variables fluctuate together.

0 And 1

The binary numbers used in digital computing and binary code, representing the off and on states, respectively.

0 And 10

In the context of scales, '0 and 10' often refer to the endpoints of a Likert scale used in questionnaires, where '0' might represent 'strongly disagree' and '10' 'strongly agree.'