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.

---

Definitions:

Baby Boomers

The demographic group born approximately between 1946 and 1964, known for being part of a significant increase in birth rates post-World War II.

Immigrants

Individuals who move from one country to another, typically for the purpose of permanent residency or employment.