Under the Principle of Comparative Advantage Total Output Is Greatest

question 37

Multiple Choice

Under the principle of comparative advantage total output is greatest when each product is made by the country that

• A)enjoys an absolute advantage.
• B)has the lowest opportunity cost.
• C)has the lowest wage rates.
• D)has the lowest degree of specialization.

---

Definitions:

Human Personalities

The combination of emotional, attitudinal, and behavioral response patterns that define an individual's character and ways of interacting with the world.

Measure

A quantitative or qualitative assessment tool or method used to evaluate, compare, or track performance or productivity.

Motivating Their Workforces

The process or methods by which an organization encourages and stimulates its employees to perform to their highest ability.

Nonprofits

Entities organized for purposes other than generating profit, where surplus revenues are used to further their philanthropic or community-focused objectives.