If the United States Has a Comparative Advantage in the Production

question 11

Multiple Choice

If the United States has a comparative advantage in the production of computer software,then:

• A) It can produce software with fewer absolute resources than another country.
• B) It can produce software with a lower opportunity cost than another country.
• C) It is relatively expensive for the United States to produce software.
• D) The United States will import software.

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Definitions:

Core Competency

The primary area of expertise or strength of an organization or individual, which gives them a competitive advantage.

Competitive Advantage

A particular circumstance or characteristic that grants a company a dominant or advantageous position over its competition.

Future Growth

Refers to the expansion and development of a business or economy over time.

Operational Control

The process of monitoring and managing day-to-day operations of a business to ensure that organizational goals are met.