Suppose a Producer Requires a Smaller Quantity of Inputs to Produce

question 193

Multiple Choice

Suppose a producer requires a smaller quantity of inputs to produce carrots than to produce onions. Is this information sufficient to determine in which good the producer has a comparative advantage?

• A) Yes, the producer has a comparative advantage in carrots.
• B) Yes, the producer has a comparative advantage in onions.
• C) No, because information about the costs of inputs is missing.
• D) No, because information about other producers is missing.

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Definitions:

Traumatic Event

An incident that causes physical, emotional, psychological distress or harm, often resulting in lasting mental and physical effects.

Somatoform Disorder

A class of psychological disorders that involves physical symptoms that cannot be fully explained by any underlying medical condition.

Schizoid Personality Disorder

A personality disorder characterized by a long-standing pattern of detachment from social relationships and a limited range of emotional expression.

Antisocial Personality Disorder

A mental condition where a person shows a long-term pattern of manipulating, exploiting, or violating the rights of others.