A Country Has an Absolute Advantage in the Production of a Good

question 69

Multiple Choice

A country has an absolute advantage in the production of a good if that country

• A)can produce the good using fewer resources than another country would require
• B)has the lowest opportunity cost of producing the good and can produce it with the fewest resources
• C)has the lowest opportunity cost of producing the good regardless of whether it is produced with the fewest resources
• D)has the greatest opportunity cost of producing the good regardless of whether it is produced with the fewest resources
• E)has the greatest opportunity cost of producing the good and produces it with the fewest resources

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Definitions:

Platelets

Small, disc-shaped cell fragments in the blood that are crucial for blood clotting and preventing excessive bleeding following injury.

Coagulation

The process of blood changing from a liquid to a gel, forming a blood clot, which is crucial for stopping bleeding.

Heparin

An anticoagulant medication used to prevent and treat blood clots.

Overhydration

A condition resulting from excessive intake of water, leading to dilution of electrolytes in the body.