The Upper Limit of Covariance Is __________, and the Lower

question 42

Multiple Choice

The upper limit of covariance is __________, and the lower limit of covariance is __________.

• A) + 100; - 100
• B) + 1; 0
• C) 0; - 1
• D) + 1; - 1
• E) Positive infinity; negative infinity

---

Definitions:

Comparative Advantage

The capacity of a nation or company to manufacture a specific product or provide a certain service with a lesser opportunity cost compared to its trade allies.

Hamburgers

A popular food item consisting of cooked ground beef patties placed inside a sliced bun, often accompanied by various toppings.

Comparative Advantage

The ability of an individual, firm, or country to produce a particular good or service at a lower opportunity cost than others.

Salmon

A species of fish commonly found in the Atlantic and Pacific Oceans, often cultivated for food and known for its nutritional benefits.