When a Country Has the Ability to Produce a Good

question 98

Multiple Choice

When a country has the ability to produce a good or service at a lower opportunity cost than others can,they:

• A)have an absolute advantage.
• B)have a comparative advantage.
• C)are free-traders.
• D)should remain self-sufficient.

---

Definitions:

Express Mail Service

An international postal Express Mail Service for documents and merchandise, provided by postal operators of the Universal Postal Union.

Flight Attendant

A professional responsible for ensuring the safety, comfort, and service for passengers aboard an aircraft.

Information Technology

The utilization of computers, storage systems, networking components, and various physical infrastructures to generate, manipulate, conserve, protect, and share any type of electronic data.

Machinery

Machines collectively, especially those used in production or some form of work.