Comparative Advantage Refers to

question 45

Multiple Choice

Comparative advantage refers to

• A)a country's absolute efficiency in producing goods or services.
• B)a country's relative efficiency in producing goods or services.
• C)a country's total efficiency in producing goods or services.
• D)a country's inefficiency in producing goods or services.

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Definitions:

Ectoderm

The outermost layer of cells or tissue of an embryo, giving rise to the outer skin layer, nervous system, and various sensory organs.

Endoderm

The innermost layer of cells or tissues of an embryo in early development, or the lining of the digestive and respiratory tracts in the mature organism.

Jellylike Matrix

A viscous, gelatinous substance that provides structural support and medium for cell components in various tissues, including the extracellular matrix of connective tissue.

Schistosomiasis

A disease caused by infection with freshwater parasitic worms in certain tropical and subtropical regions.