Comparative Advantage Is Determined by the

question 91

Multiple Choice

Comparative advantage is determined by the

• A)elasticities of demand for a good in two countries
• B)opportunity costs of producing a good in two different countries
• C)presence of absolute advantages in production
• D)degrees of allocative efficiency within each economy
• E)amounts of resources required to produce a good in different countries

---

Definitions:

American Prisoners

Individuals from the United States who are held in captivity or confined to a jail or prison.

Korean War

A conflict fought in the early 1950s between the Republic of Korea (South Korea), supported by the United Nations, and the Democratic People's Republic of Korea (North Korea), supported by the People's Republic of China and the Soviet Union.

Revising Self-Knowledge

The process of updating or changing one's beliefs about oneself based on new experiences or information.

Class Clown

A person, typically in an educational setting, known for making others laugh, often through disruptive behavior or humor.