Which of the Following Statements Is True

question 27

Multiple Choice

Which of the following statements is true?

• A)Individuals who have never been the best at doing anything cannot have a comparative advantage in producing any product.
• B)Individuals who have never been the best at doing anything can still have a comparative advantage in producing some product.
• C)Individuals who have never been the best at doing anything perform all tasks at a higher opportunity cost than others.
• D)Individuals who have never been the best at doing anything must have an absolute advantage in at least ones task.

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Definitions:

Prescription Drug Costs

The expense associated with purchasing medications prescribed by healthcare professionals, often a significant concern in healthcare debates.

Medicare

A federal program in the United States that provides health insurance to people over the age of 65 and to certain younger people with disabilities.

Federal Emergency Management Agency

A U.S. government agency tasked with responding to, planning for, and mitigating disasters, both natural and man-made.

Hurricane Katrina

A devastating Category 5 hurricane that struck the Gulf Coast of the United States in 2005, causing widespread destruction and loss of life.