If a Country Has an Absolute Advantage in Producing a Product

question 125

True/False

If a country has an absolute advantage in producing a product, it must also have a comparative advantage in producing that product.

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Definitions:

Oxygen Transporter

A protein that facilitates the movement of oxygen molecules from the lungs to the rest of the body.

Heme

An iron-containing compound that forms an essential part of hemoglobin and some other biological molecules, responsible for binding oxygen.

Renal Artery

The renal artery is a blood vessel that supplies the kidneys with blood, enabling them to filter and cleanse the blood, remove waste and produce urine.

Vena Cava

A large vein carrying deoxygenated blood into the heart; there are two in humans, the superior vena cava and the inferior vena cava.