A Nation Has a Comparative Advantage in Producing a Good,if

question 57

Multiple Choice

A nation has a comparative advantage in producing a good,if

• A) it has a higher standard of living than its trading partners.
• B) more people in the country are employed in the production of the good than its trading partners.
• C) it also has an absolute advantage in producing the good.
• D) it has either a greater productivity advantage or a smaller productivity disadvantage.

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Definitions:

Legally Married

The state of being united to a person of the opposite sex as husband or wife in a consensual and contractual relationship recognized by law.

African Americans

A racial group in the United States with ancestral origins in Africa.

Cohabitation Rates

A statistical measure indicating the frequency or trend of couples living together without being married.

Employment Diversity

The inclusion of a wide range of differences among employees in the workplace, such as cultural, racial, gender, age, and educational background.