One Country Has a Comparative Advantage in the Production of a Good

question 20

Multiple Choice

One country has a comparative advantage in the production of a good if:

• A) it has a lower opportunity cost in the production of the good than has another country.
• B) it has a higher opportunity cost in the production of the good than has another country.
• C) it can produce absolutely more than can another country.
• D) the quality of its finished good is consistently higher.

---

Definitions:

Marketing Mix

A combination of factors that can be controlled by a company to influence consumers to purchase its products, often summarized as product, price, place, and promotion.

Actual Words

The specific, real words spoken or written rather than implied meaning or interpretation.

Communication

The exchange of information, ideas, or feelings between individuals or groups through speaking, writing, or using a common system of signs or behavior.

Al Ries

A marketing professional known for his work on branding and positioning strategies, co-authoring several influential books on marketing.