Which of the Following Is Correct About Comparative Advantage

question 13

Multiple Choice

Which of the following is correct about comparative advantage?

• A)A comparative advantage in a good means that the country can produce more of the good than any other country.
• B)A country has a comparative advantage in the production of a good if it can produce the good at a lower opportunity cost than any other country.
• C)Some countries will have a comparative advantage in everything.
• D)Having a comparative advantage without an absolute advantage is impossible.
• E)None of the above answers is correct.

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Definitions:

Health Insurance

A type of insurance coverage that pays for an individual's medical and surgical expenses.

Efficient Market

A market in which prices fully reflect available information, allowing for optimal allocation of resources.

Positive Statement

An objective statement that can be tested, amended, or rejected by referring to the available evidence.

Insurance Benefits

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