An Individual or Country That Has a Comparative Advantage in the Production

question 49

Multiple Choice

An individual or country that has a comparative advantage in the production of one good

• A) must have an absolute advantage in the good's production.
• B) must not have an absolute advantage in the good's production.
• C) may or may not have an absolute advantage in the good's production.
• D) must not have an absolute advantage in the production of the other good.

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Definitions:

Antidiuretic Hormone

A hormone also known as vasopressin that helps control the balance of water in the body by reducing the amount of water excreted in the urine.

Insulin

Pancreatic hormone that encourages uptake of glucose by target cells; lowers level of glucose in the blood.

Unwanted Solutes

Substances dissolved in a fluid (like water) that are not desired, often requiring processes for their removal.

Urinary Excretion

The process of removing waste and toxic substances from the body through the formation and discharge of urine.