If Country a Has a Higher Opportunity Cost of Producing

question 50

Multiple Choice

If country A has a higher opportunity cost of producing good X than country B,then country:

• A) B should impose a tariff on the exports of product X.
• B) B has a comparative advantage in the production of product X.
• C) A should impose a tariff on the imports of product X.
• D) A has a comparative advantage in the production of product X.

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Definitions:

Insurer

An entity that provides insurance coverage to individuals or organizations, assuming the risk for specified losses.

Patient-Centered Medical Home (PCMH)

A health care delivery model designed to provide comprehensive, coordinated, and continuous care to patients with the goal of optimizing health outcomes.

Advance Beneficiary Notice (ABN)

Document used to notify a Medicare beneficiary that it is either unlikely that Medicare will pay or certain that Medicare will not pay for the service they are going to be provided. Beneficiaries are required to sign this document if they wish to have the service with the understanding that they will be responsible for payment.

Medicare

A federal health insurance program in the United States for people aged 65 and over, as well as for some younger individuals with disabilities.