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:

Proactive

Taking initiative by acting in anticipation of future problems, needs, or changes rather than reacting after they occur.

Confidentiality Issues

Challenges or dilemmas related to maintaining the privacy of information, especially in contexts like healthcare or counseling.

Field Placement Tasks

Specific duties or assignments carried out by a student in a practical, real-world setting as part of their educational curriculum.

Administrative Aspects

Components related to the management, organization, and execution of tasks in a business or institutional setting.