If a Country Produces Only Two Goods, Then It Is

question 293

True/False

If a country produces only two goods, then it is not possible to have an absolute advantage in the production of both those goods.

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Definitions:

The Frankfurt School

A group of mid-20th-century social theorists associated with the Institute for Social Research in Frankfurt, Germany, known for their critiques of capitalist society and mass culture.

Max Weber

A German sociologist, philosopher, and political economist who significantly influenced social theory by emphasizing the importance of cultural and societal aspects on economic and political developments.

Marxism

A socio-economic theory proposed by Karl Marx, focusing on the struggle between social classes, particularly between the bourgeoisie and the proletariat.

Social Darwinist

Refers to the application of the natural selection theory to social, political, and economic issues, proposing that success and failure in these spheres are governed by natural laws.