A Producer Has a Comparative Advantage Over Other Producers If

question 108

Multiple Choice

A producer has a comparative advantage over other producers if his production of the good involves:

• A) more inputs.
• B) fewer inputs.
• C) a higher opportunity cost.
• D) a lower opportunity cost.

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Definitions:

Rudeness

Behavior or speech that is disrespectful or impolite, often violating societal norms for courtesy and conduct.

Crime

One form of deviance; specifically, behavior that violates criminal laws.

White-Collar

Pertaining to jobs or workers in offices, administrative tasks, or professional fields, as opposed to blue-collar industrial work.

Professional

Relating to a job that requires specialized education, training, or skill.