Which of the Following Is True

question 176

Multiple Choice

Which of the following is true?

• A)A nation cannot have a comparative advantage in the production of every good.
• B)A nation cannot have an absolute advantage in the production of every good.
• C)A nation can have a comparative advantage in the production of every good, but not an absolute advantage.
• D)A nation can have a comparative advantage in the production of a good only if it also has an absolute advantage.
• E)A nation cannot have an absolute advantage in the production of a good unless it also has a comparative advantage.

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Definitions:

Revolutionary War

The Revolutionary War, also known as the American Revolution, was the conflict between thirteen American colonies and British rule that led to the formation of the United States of America after the colonies won their independence.

Compromise

An agreement or settlement reached by each party making concessions.

Economic

Pertaining to the production, distribution, and use of income, wealth, and commodities.

Unalienable Rights

Unalienable rights are fundamental freedoms that are considered inherent to all human beings, which cannot be surrendered or transferred; they include life, liberty, and the pursuit of happiness.