You Have an Absolute Advantage in Producing Something Whenever

question 131

Multiple Choice

You have an absolute advantage in producing something whenever:

• A) you enjoy producing that good.
• B) you can produce more of it than someone else can using the same quantity of resources.
• C) your opportunity cost is constant.
• D) your opportunity cost is lower than that of other producers.
• E) you have specific training in the production of that good.

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Definitions:

Gordon Allport

An influential psychologist recognized for his theory of personality that emphasized individuality and the positive aspects of human nature.

Recommendation

A suggestion or proposal given by someone based on their knowledge, experience, or understanding of a situation or product.

Source Traits

Fundamental personality characteristics that are considered inherent and stable over time, from which other traits arise.

Raymond Cattell

was a psychologist known for his work in personality theory, including the development of the 16 Personality Factor (16PF) questionnaire.