If a Country Has

question 272

Multiple Choice

If a country has

• A) an absolute advantage in producing a good, it definitely also has a comparative advantage in producing that good.
• B) an absolute advantage in producing a good, it might or might not have a comparative advantage in producing that good.
• C) a comparative advantage in production of a good, it must also have an absolute advantage in producing that good.
• D) an absolute advantage in producing a good, it definitely will not have a comparative advantage in producing that good.
• E) None of the above answers is correct.

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Definitions:

Rated Least Positively

Evaluated or assessed as having the lowest degree of approval or favorability.

Building Blocks

Fundamental components or basic units from which larger structures, systems, or concepts are constructed.

Thought

The mental process of considering or reasoning about something; an idea or opinion produced by thinking or occurring suddenly in the mind.

Language

A system of communication using sounds or symbols that enables us to express feelings, thoughts, ideas, and experiences.