Someone Has a Comparative Advantage in Producing a Good Whenever

question 78

Multiple Choice

Someone has a comparative advantage in producing a good whenever

• A) one enjoys producing that good.
• B) one can produce more of the good than someone else using the same resources.
• C) one's opportunity cost is constant.
• D) one's opportunity cost of producing that good is lower than that of other producers.
• E) one has specific training in the production of that good.

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Definitions:

Sourcing

The process of finding and obtaining goods or services from an external provider or supplier.

Media Imperialism

The domination of smaller cultures by larger media productions, typically representing the interests and narratives of more economically powerful nations.

Global Influence

The capacity to have an effect on the character, development, or behavior of someone or something at a global scale.

Fog Of War

The uncertainty experienced by participants in military operations, relating to the enemy's capabilities or intentions.