A Country Has a Comparative Advantage Over Another in the Production

question 182

Multiple Choice

A country has a comparative advantage over another in the production of gadgets if it can produce

• A)more gadgets than can the other country.
• B)more gadgets than can any other country.
• C)gadgets more efficiently than it can produce any other good.
• D)gadgets at lower opportunity cost than can the other country.

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Definitions:

Delaying Marriage

The trend of postponing marriage until later in life for various reasons, including career, education, or personal preference.

Enough Money

Having sufficient financial resources to meet one's needs, obligations, and desires without causing stress or hardship.

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Communities where people live together, share resources, and often follow a set of shared social or economic principles.

Lasted Many Years

This phrase typically describes events, relationships, or situations that have continued or endured for an extended period of time.