In the Real World, We Don't Observe Countries Completely Specializing

question 32

Multiple Choice

In the real world, we don't observe countries completely specializing in the production of goods for which they have a comparative advantage.One reasons for this is

• A)comparative advantage works better in theory than in practice.
• B)some countries have more resources than other countries.
• C)tastes for many traded goods are similar in many countries because of globalization.
• D)production of most goods involves increasing opportunity costs.

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Definitions:

Alligators

Large, typically nocturnal, semiaquatic reptiles belonging to the family Alligatoridae, characterized by their broad snouts and powerful tails.

Kidneys

Bean-shaped organs in vertebrates responsible for filtering blood, removing waste products, and excreting urine.

Glomerular Filtration

The process by which the kidneys filter blood, removing excess wastes and fluids to form urine.

Urine Formation

The process by which kidneys filter blood, remove waste products and excess substances, and excrete them as urine.