If a Nation Has a Comparative Advantage in the Production

question 167

Multiple Choice

If a nation has a comparative advantage in the production of good X,this means that the nation

• A)cannot benefit by producing and trading this product.
• B)gives up less of alternative goods than other nations in producing a unit of X.
• C)has a production possibilities curve identical to those of other nations.
• D)is not subject to opportunity costs in producing good X.

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Definitions:

Beliefs

Beliefs or assurances in the existence or truth of something, notably without evidence.

Key Informants

Individuals who possess specialized knowledge, insights, or access to information pertinent to a particular field of study or area of interest.

Ripple Effect

The continuing and spreading results of an event or action, similar to the way ripples expand across water when an object is dropped into it.

Sociometrics

involves the quantitative measurement and analysis of individuals’ social relationships and networks.