In a Two Good, Two-Country World, a Country Has a Comparative

question 189

Multiple Choice

In a two good, two-country world, a country has a comparative advantage in any good for which it has a:

• A) lower absolute cost than the other country.
• B) lower opportunity cost than the other country.
• C) higher absolute cost than the other country.
• D) higher opportunity cost than the other country.

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Definitions:

Apices of Lungs

The uppermost parts of the lungs, situated near the clavicle (collarbone).

Clavicles

Long, thin bones that serve as a strut between the shoulder blade and the sternum or breastbone, commonly referred to as collarbones.

Midclavicular Line

An imaginary vertical line that runs through the midpoint of the clavicle in a person's anatomical position.

Nasal Flaring

The widening of the nostrils during breathing, often seen as a sign of respiratory distress or increased effort to breathe.