If a Country Has a Comparative Advantage in Producing a Product

question 373

True/False

If a country has a comparative advantage in producing a product, it may not have an absolute advantage in producing that product.

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Definitions:

Self-Actualization

The realization or fulfillment of one's talents and potentialities, regarded as a drive or need present in everyone.

Existence Needs

Basic human necessities required for survival, such as food, shelter, and safety.

Needs

Fundamental requirements or desires that drive individuals to act, ranging from basic physical needs to complex psychological motivations.

Need Deficiencies

A state where there is a lack or insufficiency of something necessary or desired within an individual or organization.