Openi, an Island Nation, Is Able to Increase Its Textile

question 92

Multiple Choice

Openi, an island nation, is able to increase its textile production without having to compromise on the production of other materials. This is in contrast to other nations that need to lower the production of other materials to increase their textile production. In this scenario, Openi has a _____ in textile production.

• A) comparative advantage
• B) balance of payments surplus
• C) positive balance
• D) trade surplus

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Definitions:

Distribution

Refers to the way in which something is shared or exists across different areas or among various groups.

Median

The median is the value that falls in the middle of a dataset after it has been sorted in either increasing or decreasing order.

Mean

The mean value of a group of numbers, which is obtained by dividing the sum total of these numbers by their count.

Set of Data

A collection of data points or values obtained from measurements, observations, or computations.