If a Nation Can Produce a Good More Quickly Than

question 45

Multiple Choice

If a nation can produce a good more quickly than any other nation, that nation has a(n) :

• A) comparative advantage.
• B) absolute advantage.
• C) relative advantage.
• D) specialization advantage.

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Definitions:

Mortality Rate

A measure of the number of deaths in a particular population, scaled to the size of that population, per unit of time.

Total Death Rate

The number of deaths per year per 1,000 people in a population, which is a basic demographic indicator of the level of mortality in a community or society.

Sex Ratio

The demographic concept expressing the number of males per hundred females in a given population.

Life Expectancy

The average period that an individual is expected to live, based on statistical measures of mortality patterns.