Comparative Advantage

question 42

Multiple Choice

Comparative advantage

• A)is also known as relative efficiency.
• B)can lead to trade even in the face of absolute efficiency.
• C)exists when one party can produce a good or service at a lower opportunity cost than another party.
• D)all of the above

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Definitions:

Obesity

A medical condition characterized by excessive body fat that presents a risk to health, contributing to various diseases like type 2 diabetes, heart disease, and high blood pressure.

Adopted Children

Individuals who are legally taken and brought up by parents who are not their biological parents, ensuring the child's legal rights and responsibilities are transferred to the adoptive parents.

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Emotional Disorders

A category of psychological disorders characterized by the experience of intense and abnormal emotions, which significantly impair one's ability to function.