When a Country Has a Comparative Advantage in Producing a Certain

question 3

Multiple Choice

When a country has a comparative advantage in producing a certain good,

• A)the country should import that good.
• B)the country should produce just enough of that good for its own consumption.
• C)the country's opportunity cost of that good is high relative to other countries' opportunity costs of that same good.
• D)None of the above is correct.

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Definitions:

Histogram

A graphical representation of data that groups numbers into ranges, representing the frequency of data within each range with bars.

Line Chart

A kind of graph that presents data as a sequence of points linked by linear segments, commonly utilized to depict temporal trends.

Histogram

A graphical representation of data using bars to show the frequency of numerical data intervals, emphasizing the distribution of data.

Time-series Data

A sequence of data points collected or recorded at successive time intervals.