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.

---

Definitions:

Provincial Governments

The governing bodies of provinces, responsible for administering provincial laws, policies, and services within their respective jurisdictions.

Section 92

Often referenced in legal texts, it might relate to a specific provision within a comprehensive statute, necessitating additional context to determine its exact nature.

Constitution Act, 1867

A foundational statute that established the federation of Canada, defining the structure of government, the judiciary, and the distribution of legislative powers between the federal and provincial levels.

Rule Of Law

An unwritten convention inherited from Britain that recognizes that although Parliament is supreme and can create any law considered appropriate, citizens are protected from the arbitrary actions of the government.