Comparative Advantage Is Defined as

question 261

Multiple Choice

Comparative advantage is defined as

• A) the ability to produce more output of one good relative to another good than another country can.
• B) the ability to produce more output from given inputs of resources than others can.
• C) the ability to use more input of resources than others can.
• D) having a lower average fixed cost in the production of a good than does someone else.

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Definitions:

Generativity

A concept from Erikson's stages of psychological development, referring to the adult's desire to generate or produce something that makes a difference to society.

Stagnation

A state of inactivity or lack of development.

Pseudo-intimacy

A false sense of closeness or emotional connection, often superficial or deceptive.

Vital Participation

Actively engaging in life activities that are seen as necessary or significant to the well-being of the individual or community.