Assume That Bulgaria Has a Comparative Advantage in Producing Sandals

question 350

Multiple Choice

Assume that Bulgaria has a comparative advantage in producing sandals and Finland imports sandals from Bulgaria. We can conclude that

• A) Bulgaria also has an absolute advantage in producing sandals relative to Finland.
• B) Bulgaria has a lower opportunity cost of producing sandals relative to Finland.
• C) Finland has an absolute disadvantage in producing sandals relative to Bulgaria.
• D) Labor costs are higher for sandal producers in Finland than in Bulgaria.

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Definitions:

Dissociative Fugue

Disorder in which a person moves away and assumes a new identity, with amnesia for the previous identity.

Organic Amnesia

Memory loss caused by physical damage to the brain, as from injury or disease, affecting the ability to recall information.

Psychosocial Factors

Elements that involve both psychological and social aspects, influencing an individual's behavior and well-being.

Brain Injury

Damage to the brain, often resulting from accidents or health conditions, that can affect cognitive, physical, and emotional functions.