Comparative Advantage Is Determined by

question 58

Multiple Choice

Comparative advantage is determined by

• A)the amount of resources needed to produce a good
• B)the money cost of producing any good
• C)the opportunity cost of producing any good
• D)absolute advantage and production possibilities combined
• E)the level of demand for a good

---

Definitions:

Lockbox System

A service provided by banks to companies for the collection of payments from customers, where the payments are sent directly to a post office box to expedite processing.

Treasury Bills

Treasury bills are short-term government securities with maturities ranging from a few days to 52 weeks, sold at a discount from their face value.

Collection Time

The average period it takes for a company to receive payments owed by its customers after a sale has been made.

BAT Model

The BAT model is a term used in various contexts, including finance for "Behavioral Analysis Training," but if referring specifically to a financial model, clarification is needed as it may not apply. Without a specific context, providing an accurate definition is challenging.