A Person Who Has an Absolute Advantage in the Production

question 70

Multiple Choice

A person who has an absolute advantage in the production of all goods will

• A) also have a comparative advantage in the production of all goods.
• B) not be able to gain from specialization and exchange.
• C) have a production possibilities frontier with a constant slope.
• D) have a comparative advantage in the production of some goods but not in the production of others.

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Definitions:

Physically And Emotionally Satisfying

Providing both bodily comfort and psychological contentment.

Bodily Arousal

Refers to the physiological state of being alert and physically primed for action, often in response to a stimulus or stressor.

Style Of Attribution

The tendency of individuals to attribute causes of events to internal dispositions or to external situations.

Mutual Respect And Concern

A relationship characterized by reciprocal regard and care for the well-being of one another.