When a Producer Has a Comparative Advantage in Producing a Good,it

question 23

Multiple Choice

When a producer has a comparative advantage in producing a good,it means the producer:

• A) can produce more of that good than others with the same number of workers.
• B) has the ability to produce the good at a lower opportunity cost than others.
• C) has no reason to trade with others.
• D) is efficient in production.

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Definitions:

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A fundamental and rapid change in political power or organizational structures that occurs when the population revolts against the current authority, often leading to social transformation.

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