Which of the Following Statements About Absolute and Comparative Advantage

question 84

Multiple Choice

Which of the following statements about absolute and comparative advantage is true?

• A)A country may have a comparative advantage but not an absolute advantage in the production of a good.
• B)A country must have the comparative advantage in the production of at least one good.
• C)A country may have the absolute advantage in the production of all goods.
• D)All of these statements are true.

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Definitions:

Analytical Intelligence

The aspect of intelligence that involves the ability to analyze, evaluate, judge, compare, and contrast.

Architect

A professional who designs buildings and in many cases also supervises their construction.

Multiple Intelligences

A theory by Howard Gardner suggesting individuals possess various forms of intelligence, including linguistic, logical-mathematical, musical, spatial, bodily-kinesthetic, interpersonal, intrapersonal, and naturalistic.

Spatial Intelligence

The cognitive ability to visualize and manipulate objects and their spatial relations in the mind, important for solving spatial problems and navigating environments.