If Nation a Has an Absolute Advantage Over Nation B

question 99

Multiple Choice

If nation A has an absolute advantage over nation B in the production of a product, this implies that

• A) it requires fewer resources in A to produce the good than in B.
• B) the cost of producing the good in terms of some other good's production that must be sacrificed is lower in A than in B.
• C) nation B could not benefit by engaging in trade with A.
• D) nation A should acquire this product by trading with B.
• E) nation A could not benefit by engaging in trade with B.

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Definitions:

ADH Production

The synthesis and release of antidiuretic hormone, also known as vasopressin, primarily by the posterior pituitary gland, which helps regulate water balance in the body.

Hyperventilation

Rapid or deep breathing that leads to a decrease in carbon dioxide levels in the blood, potentially causing dizziness or tingling.

Body pH

Body pH is a measure of the acidity or alkalinity of the body’s fluids, with a normal range typically around 7.35 to 7.45, indicating slight alkalinity.

Blood Plasma pH

A measure of the acidity or alkalinity of the blood plasma, which is crucial for maintaining homeostasis and proper physiological function.