When Mik Has an Absolute Advantage in the Production of Two

question 113

Multiple Choice

When Mik has an absolute advantage in the production of two goods over Tommy,Mik

• A) is less productive than Tommy.
• B) is better off if he does not engage in specialization and trade with Tommy.
• C) is more productive in producing both goods than Tommy.
• D) always has a comparative advantage over Tommy in the production of both goods.
• E) cannot gain from trade with Tommy.

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Definitions:

Center Of Attention

The focal point or person that captures and holds the interest or concern of others in a group or situation.

Life Outside The Home

Aspects of an individual's life and activities that occur outside their domestic environment, including work, social interactions, and public engagements.

Only Child

Refers to a person who has no siblings, either biological or adopted, and is raised in a family environment without sibling interaction.

Not Learned

Referring to behaviors, traits, or reactions that are innate rather than acquired or taught.