A Nation Having Absolute Disadvantages in the Production of Two

question 42

Multiple Choice

A nation having absolute disadvantages in the production of two goods with respect to another nation has a/an ______ _____ in the production of the good in which its absolute disadvantage is less.

• A)comparative advantage
• B)absolute advantage
• C)mercantilist advantage
• D)bilateral advantage

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Definitions:

Car Selection

The process of choosing a vehicle based on criteria such as needs, preferences, budget, and performance specifications.

Reduced Time

Strategies or measures implemented to decrease the amount of time required to perform a task or process, often leading to increased efficiency.

Crowding

A situation where excess demand in a confined space or system leads to uncomfortable or inefficient conditions, often observed in urban areas, public transport, or event management.

Mass Irritation Phenomenon

A social or psychological phenomenon where a large number of individuals feel annoyance or discomfort due to a common cause.