A Country Has an Absolute Advantage in the Production of a Good

question 69

Multiple Choice

A country has an absolute advantage in the production of a good if that country

• A)can produce the good using fewer resources than another country would require
• B)has the lowest opportunity cost of producing the good and can produce it with the fewest resources
• C)has the lowest opportunity cost of producing the good regardless of whether it is produced with the fewest resources
• D)has the greatest opportunity cost of producing the good regardless of whether it is produced with the fewest resources
• E)has the greatest opportunity cost of producing the good and produces it with the fewest resources

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Definitions:

Near Point

The closest distance at which an object can be clearly focused on by the eye.

Accommodation

The ability of the eye to change its focus from distant to near objects, involving the lens changing shape.

Constricts

To narrow or become tighter, often referring to the narrowing of blood vessels or other tubular structures.

Accommodation Reflex

The process by which the eye changes optical power to maintain a clear image or focus on an object as its distance varies.