If a Country Has

question 272

Multiple Choice

If a country has

• A) an absolute advantage in producing a good, it definitely also has a comparative advantage in producing that good.
• B) an absolute advantage in producing a good, it might or might not have a comparative advantage in producing that good.
• C) a comparative advantage in production of a good, it must also have an absolute advantage in producing that good.
• D) an absolute advantage in producing a good, it definitely will not have a comparative advantage in producing that good.
• E) None of the above answers is correct.

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Definitions:

Source Amnesia

A memory disorder characterized by the inability to remember where, when, or how previously learned information has been acquired, while retaining the factual knowledge.

Mnemonics

Memory aids, such as patterns, ideas, or associations, that help in retaining information.

Retrieval

The process of accessing and bringing into conscious thought information stored in memory.

Encoding

The initial process of converting information into a form that can be stored in memory, involving perception, awareness, and comprehension.