According to the Theory of Comparative Advantage

question 148

Multiple Choice

According to the theory of comparative advantage:

• A) every country can produce some good with a lower opportunity cost.
• B) every country should produce goods that involve high opportunity costs.
• C) some countries have a comparative advantage in producing every good.
• D) some countries should import every good from other countries.

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Definitions:

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A public database where security interests in personal property (assets other than real estate) are registered to establish priority of claims for creditors.

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The transfer of the right to collect debts owed to a business, typically to secure a loan or as part of a financial arrangement.

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The process in which a solid forms, where atoms or molecules are highly structured in a pattern extending in all three spatial dimensions.