Which of the Following Statements Shows How Absolute Advantage Can

question 101

Multiple Choice

Which of the following statements shows how absolute advantage can be distinguished from comparative advantage?

• A) Absolute advantage refers to the ability to produce a good using fewer inputs, while comparative advantage is based on the monthly amount.
• B) Absolute advantage is based on the yearly production amount that a country can produce, while comparative advantage is based on the monthly production amount.
• C) Absolute advantage refers to the ability to produce a larger amount of goods with the same number of inputs, whereas comparative advantage refers to the ability to have the lowest opportunity cost of production.
• D) Absolute advantage is based on the amount of land a country has to use, while comparative advantage is based on the cost of the labor.

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Definitions:

GUI

Stands for Graphical User Interface, a visual way of interacting with computers and applications through elements like windows, icons, and buttons.

Modified First Window

Refers to the altered initial interface or window of an application from its default state, typically involving changes made by programming or user customization.

actionPerformed Method

A method in Java that handles action events, typically implemented from an ActionListener interface to respond to user interactions.

ActionListener Interface

An interface in Java used to receive action events, typically from GUI elements like buttons.