Unless Two People Who Are Producing Two Goods Have Exactly

question 23

True/False

Unless two people who are producing two goods have exactly the same opportunity costs, then one person will have a comparative advantage in one good, and the other person will have a comparative advantage in the other good.

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Definitions:

Personalized Charismatic

A charismatic leader who exercises few restraints on the use of power in order to best serve the leader’s own interests.

Telecom Company

A company that provides telecommunications services such as phone, internet, and cable television to customers.

Branded Watches

Timepieces produced and marketed by well-known companies that often symbolize status, quality, and craftsmanship.

Socialized Charismatic

A leadership style characterized by individuals who are influential, inspiring, and selflessly promote the welfare of the group or organization over their own interests.