If Canada Has a Comparative Advantage Relative to Mexico in the Production

question 14

Multiple Choice

If Canada has a comparative advantage relative to Mexico in the production of timber, then

• A) the explicit cost of production for timber is lower in Canada than in Mexico.
• B) the opportunity cost of production for timber is lower in Canada than in Mexico.
• C) the implicit costs of production for timber are lower in Canada than in Mexico.
• D) the average cost of production for timber is lower in Canada than in Mexico.

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Definitions:

Compassionate

Showing sympathy and concern for the sufferings or misfortunes of others, often motivating a desire to help.

Unpleasant Emotions

Feelings that are distressing or causing discomfort, such as sadness, anger, or fear.

Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, worry, and jealousy.

Extraversion

A personality trait characterized by a preference for social interaction, high levels of energy, and positive emotions.