If One Person Has an Absolute Advantage in Producing Both

question 48

Multiple Choice

If one person has an absolute advantage in producing both of two goods,then that person:

• A)must also have a comparative advantage in both goods.
• B)cannot benefit from trade.
• C)cannot have a comparative advantage in either good.
• D)will have a comparative advantage in only one good.
• E)should specialize in the production of both goods.

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Definitions:

Population Needs

The collective requirements for health care, education, social services, and infrastructure in a community.

Individual Needs

The specific requirements or adjustments necessary for a person to achieve optimal physical, psychological, or social well-being.

Patient Autonomy

The right of patients to make informed decisions about their own healthcare, including the right to accept or refuse treatment.

Acute Care

Medical services provided for short-term treatment of a severe injury or episode of illness, an urgent medical condition, or during recovery from surgery.