Nevada Is the Low Opportunity Cost Producer of Computer Software

question 66

Multiple Choice

Nevada is the low opportunity cost producer of computer software, and California is low opportunity cost producer of wine. Which of the following is true?

• A) Nevada has no comparative advantage over California in the production of wine or computer software.
• B) Nevada has a comparative advantage in producing wine
• C) Nevada has a comparative advantage in producing software.
• D) Nevada has a comparative advantage in producing both wine and software.

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Definitions:

Metrics

Standards of measurement that provide insights or data to track and assess the status or performance of various aspects within an organization.

Effective

Having an intended or expected outcome; producing a decisive result or effect.

Efficient

Achieving maximum productivity with minimum wasted effort or expense.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, leading to its net income or loss.