If a Country Has an Absolute Advantage in Producing a Product

question 125

True/False

If a country has an absolute advantage in producing a product, it must also have a comparative advantage in producing that product.

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Definitions:

Gender Differences

Refers to the distinctions in characteristics, behaviors, roles, and expectations based on whether someone is male or female, often culturally defined.

Culture

The collective beliefs, practices, arts, institutions, and all other products of human work and thought characteristic of a community or population.

Genetics

The study of heredity and the variation of inherited characteristics.

Evolution

The mechanism by which diverse living entities are considered to have emerged and varied from previous versions throughout Earth's past.