If Chris Can Produce a Service Using Fewer Resources Than

question 41

Multiple Choice

If Chris can produce a service using fewer resources than Pat would,then Chris

• A) has an absolute advantage in producing that service
• B) has a comparative advantage in producing that service
• C) has both an absolute advantage and a comparative advantage in producing that service
• D) is productively efficient
• E) cannot have a comparative advantage in producing that service

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Definitions:

Ambivalence

The state of having mixed feelings or contradictory ideas about something or someone.

Detachment

A state or process of being emotionally disengaged or disconnected from others, often as a defense mechanism or coping strategy.

Protest

Protest refers to a public demonstration or action expressing disapproval or objection to something, often related to political, social, or ethical issues.

Curiosity

Curiosity is a motivational state that drives individuals to explore, investigate, and seek information about their environment and experiences to gain understanding.