Which of the Following Statements Is True

question 86

Multiple Choice

Which of the following statements is true?

• A) When a nation has an absolute advantage over other nations in producing all goods and services, it cannot gain from trade.
• B) Absolute advantage relates to production per unit of inputs, and comparative advantage involves the opportunity cost of producing different goods.
• C) When a nation has an absolute disadvantage over other nations in producing a good, it cannot gain from trade.
• D) Absolute advantage involves the opportunity cost of producing different goods, and comparative advantage relates to production per unit of inputs.

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Definitions:

Listener

A person who actively receives and pays attention to audio information, sound, or music, often in communication or entertainment contexts.

Ideological Reasoning

Reasoning or argumentation that is heavily influenced by a specific set of beliefs or ideology.

Risks Associated

Risks associated refer to potential negative outcomes or dangers that are linked to an action, decision, or situation.