A Country That Is Able to Produce Many Goods Should

question 55

Multiple Choice

A country that is able to produce many goods should specialize in those products

• A) in which it has a comparative advantage.
• B) in which it has an absolute advantage.
• C) it needs most.
• D) its citizens are most willing to pay for.
• E) that command the highest price on the world market.

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Definitions:

Cell Phone Subscriptions

Agreements with a mobile service provider that detail the services, such as call, text, and data plans.

Secondary Data

Information that has been collected previously by someone else, often used in research when primary data is unavailable or unnecessary.

Functional Arrangement

An organizational structure where employees are grouped according to the specific role or function they perform within the organization.

Geographically

Pertains to or derives from the physical characteristics of the earth's surface.