If a Nation Has the Lowest Opportunity Cost of Producing

question 91

Multiple Choice

If a nation has the lowest opportunity cost of producing a good, that nation has a(n) ________ in the production of that good.

• A)comparative advantage
• B)absolute advantage
• C)comparative advantage and an absolute advantage
• D)absolute advantage and possibly a comparative advantage

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Definitions:

Methyl Chloride

A chemical compound with the formula CH3Cl, known for its use in industrial processes as a solvent and in organic synthesis.

Lewis Structure

A representation of molecules showing how the valence electrons are arranged among the atoms in the molecule, including any lone pairs of electrons.

Bromine

A chemical element with symbol Br and atomic number 35, known for its reddish-brown color and presence in many organic and inorganic compounds.

Covalent Bond

A chemical bond formed by the sharing of one or more pairs of electrons between atoms to achieve stability.