Is It Possible for a Country to Have an Absolute

question 78

Multiple Choice

Is it possible for a country to have an absolute disadvantage and a comparative advantage in the production of a good?

• A)No,these are incompatible on theoretical grounds.
• B)No,theory prevents it,but some economists claim it could occur.
• C)Yes,this situation can occur.
• D)Yes,in theory,although not in reality.

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Definitions:

International Sale

The transaction of goods or services across national borders, subject to international trade laws and regulations.

Issuer

The entity that develops, registers, and sells securities to finance its operations.

Beneficiary

A person or entity entitled to receive benefits from a trust, will, or life insurance policy.

United Nations Convention

An international treaty formulated and adopted by the United Nations and its member states, focusing on specific areas of law or social concern.