Which of the Following Is Not Correct

question 131

Multiple Choice

Which of the following is not correct?

• A)The producer who requires a smaller quantity of inputs to produce a good is said to have an absolute advantage in producing that good.
• B)The producer who gives up less of other goods to produce Good X has the smaller opportunity cost of producing Good X.
• C)The producer who has the smaller opportunity cost of producing a good is said to have a comparative advantage in producing that good.
• D)The gains from specialization and trade are based not on comparative advantage but on absolute advantage.

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Definitions:

Poisonous Snakes

Snakes that contain venom harmful to humans or animals if injected via bites or ingested.

Camouflage

The adaptation of an organism's appearance, by color, pattern, or shape, to blend in with its environment to hide from predators or to ambush prey.

Batesian Mimicry

A form of mimicry where a harmless species evolves to imitate the warning signals of a harmful species to deter predators.

Poison Arrow Frog

A group of brightly colored frogs, native to tropical Central and South America, known for the potent toxin secreted through their skin.