Which of the Following Best Describes the Principle of Comparative

question 80

Multiple Choice

Which of the following best describes the principle of comparative advantage?

• A) Some people can produce the same good better than other producers can.
• B) Someone has the ability to produce the same good using fewer inputs than another producer.
• C) Someone has the ability to produce the same good for the lowest opportunity cost.
• D) To produce more of one good, people have to produce less of another good.

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Definitions:

Ethical Problem

A dilemma involving a conflict in moral values, making it difficult to decide the right course of action.

Policing Policies

Regulations and strategies that outline the operational practices and behavior standards for law enforcement agencies.

Criminal Justice System

The network of courts, law enforcement, and correctional institutions involved in the enforcement of laws and the punishment of offenders.

Ethical Pluralism

The acceptance that multiple ethical systems or theories can coexist and may all offer valuable insights into moral dilemmas.