The Difference Between Absolute and Comparative Advantage Is That

question 28

Multiple Choice

The difference between absolute and comparative advantage is that:

• A)absolute advantage refers to input cost,while comparative advantage refers to opportunity cost.
• B)absolute advantage refers to opportunity cost,while comparative advantage refers to input cost.
• C)absolute advantage refers to individuals,and comparative advantage refers to countries.
• D)absolute advantage refers to countries,and comparative advantage refers to individuals.
• E)absolute advantage is applicable to intranational trade,while comparative advantage applies to international trade.

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Definitions:

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The belief that one is less likely than others to experience negative events and more likely to experience positive events.

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Methods or devices used to prevent pregnancy as a result of sexual intercourse.

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The social-cognitive perspective is an approach in psychology that emphasizes the role of cognitive processes in understanding social behavior, including how we interpret, analyze, and remember information about others and ourselves.

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The contributions of genes inherited from parents to the physical and behavioral characteristics of an individual.