If a Country Produces Only Two Goods, It Is Possible

question 161

True/False

If a country produces only two goods, it is possible to have a comparative advantage in the production of both those goods.

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Definitions:

Social Responsibility

The obligation of individuals or organizations to act for the benefit of society at large.

Amalgamated Enterprises

Companies that have combined or merged their resources and operations to form a single, larger organization.

Small U.S. Town

A smaller, typically more rural community in the United States, characterized by a lower population density.

Foreign Country

A nation that is outside one's own country's territorial boundaries and sovereignty.