Which of the Following Statements Is True

question 27

Multiple Choice

Which of the following statements is true?

• A)Individuals who have never been the best at doing anything cannot have a comparative advantage in producing any product.
• B)Individuals who have never been the best at doing anything can still have a comparative advantage in producing some product.
• C)Individuals who have never been the best at doing anything perform all tasks at a higher opportunity cost than others.
• D)Individuals who have never been the best at doing anything must have an absolute advantage in at least ones task.

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Definitions:

Laminated Oak

Wood made from layers of oak that are bonded together, often used for its strength and aesthetics in flooring and furniture.

Van Trailer

A type of trailer enclosed by walls, designed to transport goods protected from the elements and theft, commonly pulled by trucks.

Screw Size

Refers to the nominal diameter, thread pitch, and length specified for screws, crucial for compatibility and strength in assemblies.

Reefer

A refrigeration trailer.