Comparative Advantage in Production Is Achieved by

question 9

Multiple Choice

Comparative advantage in production is achieved by

• A)Subsidizing,specializing,and lowering the price of an exported good.
• B)Being able to produce a good with fewer inputs than in other countries.
• C)Having terms of trade that are better than the terms of trade faced in other countries.
• D)Having a lower opportunity cost of producing a good relative to that of other countries.

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Definitions:

MMPI

The Minnesota Multiphasic Personality Inventory, a comprehensive psychological test used to assess personality traits and psychopathology.

Diagnostic Personality Test

An assessment tool designed to identify personality characteristics or disorders based on systematic methods.

Psychopathology

The scientific study of mental disorders, including their symptoms, causes, and treatments.

16PF

A personality test that assesses sixteen primary personality factors, based on factor analysis of psychological behaviors.