If a Country Possesses the Absolute Advantage in the Production

question 32

Multiple Choice

If a country possesses the absolute advantage in the production of one good:

• A) then it must also possess the absolute advantage in the production of the other good.
• B) then it must also possess the comparative advantage in the production of both goods.
• C) then it must also possess the comparative advantage in the production of the other good.
• D) it can produce more of that good given the same resources.

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Definitions:

Past History

The background or previous experiences of an individual, which can influence present behavior, perspectives, and responses in various contexts.

Current Conditions

The existing state of affairs or situation at a specific time, often used in reference to weather, market statuses, or social circumstances.

Progress

The process of improving or moving forward towards achieving a goal or higher standard.

Problem-Oriented Recording

Problem-Oriented Recording is a method of documentation used in healthcare and social work that focuses on identifying and solving specific problems presented by clients or patients.