If the ________ Cost of Production for Two Goods Is

question 47

Multiple Choice

If the ________ cost of production for two goods is different between two countries then mutually beneficial trade is possible.

• A)marginal
• B)explicit
• C)opportunity
• D)implicit

---

Definitions:

Fenders

Protective components of a vehicle that frame the wheel wells and minimize mud, liquid, rocks, or sand from being thrown into the air by the tires.

Production Line

A manufacturing process in which parts or components are added in a sequential manner to create a finished product.

Stamping Press

A machine tool that shapes or cuts metal by deforming it with a mold, used in various manufacturing processes to produce components.

Production Costs

Expenses directly attributed to the process of producing goods or providing services.