If Spain Is Capable of Producing Either Tapas or Soccer

question 89

Multiple Choice

If Spain is capable of producing either tapas or soccer balls or some combination of those two products,then:

• A)Spain should produce the good it has an absolute advantage in producing.
• B)Spain should produce the good it has a comparative advantage in producing.
• C)Spain should remain self-sufficient if it can produce both efficiently.
• D)Spain should trade only if it possesses the absolute advantage in the production of both goods.

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Definitions:

Ediacaran

Relating to or denoting the last period of the Precambrian era, characterized by the appearance of many large, soft-bodied organisms.

Cambrian Fauna

The diverse groups of organisms that lived during the Cambrian period, marked by an explosion in complex multicellular life forms.

Fossilized Form

The preserved remains or impression of a living organism in stone, capturing its appearance at the time of the organism's death and mineralization.

Organism

A living entity, such as a plant, animal, fungus, or microorganism, that is capable of growing, reproducing, responding to stimuli, and maintaining homeostasis.