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:

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Concept

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A typical or preliminary model of something, especially a concept, process, or product, that serves as a basis for further development.

Prototype

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