Specializing in the Production of a Good or Service in Which

question 229

Multiple Choice

Specializing in the production of a good or service in which one has a comparative advantage enables a country to do all of the following except

• A)engage in mutually beneficial trade with other nations.
• B)increase the variety of products that it can consume with no increase in resources.
• C)consume a combination of goods that lies outside its own production possibilities frontier.
• D)produce a combination of goods that lies outside its own production possibilities frontier.

---

Definitions:

Comfortable

A state or sensation of physical or psychological ease and freedom from pain or constraint.

Maslow's Hierarchy

Maslow's Hierarchy is a psychological theory proposed by Abraham Maslow that outlines a five-tier model of human needs, ranging from basic physiological needs to self-actualization.

Physiological Needs

The basic physical requirements for human survival, such as air, water, food, shelter, and sleep, as identified in Maslow's hierarchy of needs.

Esteem Needs

Refer to the human desire for respect, self-esteem, and esteem from others, emphasizing the importance of self-confidence, achievement, and respect among the hierarchy of needs.