The Law of Comparative Advantage Implies That a Nation, Individual

question 74

Multiple Choice

The law of comparative advantage implies that a nation, individual, or region should produce those economic goods for which it

• A) has an absolute advantage.
• B) is a low opportunity cost producer.
• C) is a high opportunity cost producer.
• D) pays the highest wage rate.

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Definitions:

Renal Papillae

The apexes of the renal pyramids of the kidney which project into the minor calyx, playing a crucial role in the flow of urine.

Calyces

The plural of calyx; structures in the kidneys that collect urine before it passes into the urinary bladder.

Urea

A nitrogenous waste product formed in the liver, the final product of protein metabolism, and excreted in the urine.

Countercurrent Multiplier

A system, particularly in the kidney, that enables the production of a concentrated urine by exploiting the flow of fluids in opposite directions.