In General,when a Nation Has an Absolute Advantage Over Other

question 171

Multiple Choice

In general,when a nation has an absolute advantage over other nations in a particular product,it can produce that product:

• A)in greater absolute quantities.
• B)at a lower opportunity cost of production.
• C)with a comparative advantage.
• D)without sacrifices in terms of other products.
• E)with fewer inputs per unit.

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Definitions:

Sierra Club

An environmental organization focused on protecting natural places and promoting responsible use of the Earth's ecosystems.

Native Cultures

The customs, traditions, and way of life of indigenous peoples who have historically inhabited certain regions or territories.

Resources

Natural, human, and financial assets that can be used to achieve desired goals, including materials, energy, information, and people.