Assume That Bulgaria Has a Comparative Advantage in Producing Sandals

question 350

Multiple Choice

Assume that Bulgaria has a comparative advantage in producing sandals and Finland imports sandals from Bulgaria. We can conclude that

• A) Bulgaria also has an absolute advantage in producing sandals relative to Finland.
• B) Bulgaria has a lower opportunity cost of producing sandals relative to Finland.
• C) Finland has an absolute disadvantage in producing sandals relative to Bulgaria.
• D) Labor costs are higher for sandal producers in Finland than in Bulgaria.

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Definitions:

Bipolar Disorder

A psychological ailment characterized by intense variations in mood, alternating between high phases of mania or hypomania and low phases of depression.

Depression

A mental disorder that involves a persistent feeling of sadness or a lack of interest in life's activities, majorly interrupting ordinary daily routines.

Psychotic Disorder

A broad category of mental health disorders that cause abnormal thinking and perceptions, including delusions and hallucinations, disconnecting individuals from reality.

Antisocial Personality

A personality disorder characterized by a pervasive pattern of disregard for, and violation of, the rights of others.