If a Nation Can Produce a Good More Quickly Than

question 33

Multiple Choice

If a nation can produce a good more quickly than any other nation,that nation has a(n)

• A) comparative advantage.
• B) total advantage.
• C) relative advantage.
• D) absolute advantage.
• E) need to tradE.

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Definitions:

Model Code

A set of standardized legal guidelines or principles, often offered as a template for legislative bodies to adopt or adapt.

Professional Responsibility

The ethical and moral duties and obligations that professionals must adhere to in their professional conduct.

New York

A state in the United States known for its significant impact on national law and as a major legal center.

California

A state in the western United States, known for its diverse geography, vibrant economy, and significant cultural influence.