Once a Country Has Lost Its Comparative Advantage in Producing

question 107

Multiple Choice

Once a country has lost its comparative advantage in producing a good, its income will be ________ and its economy will be ________ if it switches from producing the good to importing it.

• A)higher; less efficient
• B)higher; more efficient
• C)lower; less efficient
• D)lower; more efficient

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Definitions:

Wrongful Civil Proceedings

The act of initiating or conducting civil legal actions without proper grounds, often causing harm or inconvenience to the defendant.

Liability

A legal responsibility or obligation, often financially, that arises from actions or claims against an individual or entity.

Emotional Distress

A legal term denoting psychological suffering or anguish inflicted upon a person due to another's wrongful conduct.

Invasion of Privacy

The act of intruding into someone's personal life without consent, leading to violation of their privacy rights.