A Country Has a Comparative Advantage in a Good If

question 9

Multiple Choice

A country has a comparative advantage in a good if:

• A) it can produce more of that good than any other country.
• B) it does not have an absolute advantage in that good.
• C) it has the lowest opportunity cost of producing that good.
• D) no other country is willing to buy that good from it.

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Definitions:

Outcomes

The results or consequences of actions, behaviors, or processes, which can be positive, negative, or neutral.

Network Power

The ability of networks to control or influence the behavior of their members by setting standards or norms that determine participation.

External Networks

Connections and relationships an individual or organization maintains with external parties for gaining information, support, or resources.

Internal Networks

Connections and relationships within an organization that facilitate communication and collaboration among employees.