If a Nation Can Produce a Good or Service at the Lowest

question 147

Multiple Choice

If a nation can produce a good or service at the lowest opportunity cost,then it

• A) can sell the product at a lower price than other nations.
• B) does not want to export the good because the low cost means it makes only a low profit.
• C) is best for the nation to not trade the good internationally.
• D) will definitely import the good because it can beat other countries' prices.
• E) might export or import the good, depending on whether or not it has a comparative advantage in the production of the good.

---

Definitions:

Nonmaleficence

A fundamental principle in medical ethics that obligates healthcare providers to avoid causing harm to patients.

Autonomy

The capacity to make an informed, uncoerced decision, often used in the context of moral, ethical, or governance discussions.

Do No Harm

A fundamental principle in healthcare and bioethics that emphasizes the importance of avoiding causing unnecessary injury or suffering to patients.

Self-Determination

The process by which a person controls their own life, often associated with the principle that patients have the right to make their own healthcare decisions.