An Economy Is Said to Have a Comparative Advantage If

question 207

Multiple Choice

An economy is said to have a comparative advantage if it:

• A)can produce more of all goods than another economy.
• B)can produce fewer of all goods than another economy.
• C)has the highest cost of producing a particular good,compared with other economies.
• D)has the lowest cost of producing a particular good,compared with other economies.

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Definitions:

Seminal Vesicles

Glands in the male reproductive system that produce a significant portion of the fluid that becomes semen.

Vas Deferens

The duct that conveys sperm from the testicle to the urethra, playing a key role in the male reproductive system.

Human Chorionic Gonadotropin

A hormone produced during pregnancy by the developing embryo and the placenta to support fetal growth.

Corpus Luteum

A temporary endocrine structure in female ovaries that is involved in the production of progesterone, essential for maintaining pregnancy.