When Brazil Can Generate a Product Using Fewer Labor Hours

question 104

Multiple Choice

When Brazil can generate a product using fewer labor hours and resources than the United States,an economist would say that Brazil had

• A)a comparative advantage in production of the product.
• B)an absolute advantage in production of the product.
• C)a higher opportunity cost of producing the product.
• D)no incentive to import the product,regardless of the cost-price conditions for other products.

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Definitions:

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The challenges a listener might face in accurately receiving and interpreting a message due to various factors.

Reassure

To give confidence or remove doubts from someone by providing support or information.

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The experience or act of having one's voice, opinions, or ideas acknowledged and considered by others.

Different Cultures

The diverse set of beliefs, practices, customs, and behaviors exhibited by various ethnic, social, or age groups.