When Mik Has an Absolute Advantage in the Production of Two

question 113

Multiple Choice

When Mik has an absolute advantage in the production of two goods over Tommy,Mik

• A) is less productive than Tommy.
• B) is better off if he does not engage in specialization and trade with Tommy.
• C) is more productive in producing both goods than Tommy.
• D) always has a comparative advantage over Tommy in the production of both goods.
• E) cannot gain from trade with Tommy.

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Definitions:

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of DNA that carries genetic information.

Genomes

The complete set of DNA in an organism, encompassing all of its genes and the sequences that regulate their expression.

Genetic Predispositions

The inherited genetic patterns that influence the likelihood of developing certain traits or conditions.

Human Diversity

The vast range of differences among humans, including those related to race, ethnicity, gender, age, disability, sexual orientation, and cultural background.