If Everyone Had the Same Opportunity Cost of Producing a Particular

question 89

Multiple Choice

If everyone had the same opportunity cost of producing a particular good,then

• A) everyone would have the same absolute advantage.
• B) no one would have an absolute advantage.
• C) everyone would have the same comparative advantage.
• D) the absolute advantage would be the same for everyone but the comparative advantage would vary.
• E) the absolute and comparative advantage would be the same for everyonE.

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Definitions:

Boundary-Spanning

Activities and practices by individuals or units within an organization that interact with and adapt to external environments and stakeholders.

Managerial

Relating to the duties, skills, and tasks of managers involved in planning, organizing, directing, and managing within a business entity.

Technical

Related to the practical application of science and technology in industry or commerce.

Marketing

The business process of identifying, anticipating, and satisfying customers' needs and wants through the creation and exchange of value.