"When a Person Has an Absolute Advantage in Producing a Good,the

question 202

Essay

"When a person has an absolute advantage in producing a good,the person necessarily has a lower opportunity cost of producing it." Is this assertion true or false?

---

Definitions:

Procedural Memory

A type of long-term memory that involves the retention of how to perform different tasks and actions.

Resting Metabolic Rate

The rate at which the body expends energy while at rest, necessary for sustaining basic bodily functions such as breathing and circulation.

Muscle Tissue

A tissue in the body composed of cells or fibers, the contraction of which produces movement in the body.

Fatty Tissue

Biological tissue composed primarily of fat cells, known as adipose tissue, which stores energy and insulates the body.