The Difference Between Absolute and Comparative Advantage Is That

question 28

Multiple Choice

The difference between absolute and comparative advantage is that:

• A)absolute advantage refers to input cost,while comparative advantage refers to opportunity cost.
• B)absolute advantage refers to opportunity cost,while comparative advantage refers to input cost.
• C)absolute advantage refers to individuals,and comparative advantage refers to countries.
• D)absolute advantage refers to countries,and comparative advantage refers to individuals.
• E)absolute advantage is applicable to intranational trade,while comparative advantage applies to international trade.

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Definitions:

Environmental Contingencies

The relationship between behavior and its consequences as determined by the environment, often influencing future behaviors.

Operant Model

A theory of learning that describes the change in behavior as a result of the consequences of that behavior, whether rewards (reinforcers) or punishments.

Discrimination

The ability to distinguish between different stimuli or the unfair treatment of individuals based on group membership such as race, gender, or ethnicity.

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