It's Not Likely That a Country Will Specialize Completely in One

question 137

Multiple Choice

It's not likely that a country will specialize completely in one good even if it has a lower opportunity cost because

• A)Comparative advantage is not a workable concept in the world economy.
• B)Opportunity costs increase as more of a good is produced.
• C)The country would want to save some of the good for its own citizens.
• D)The country would end up inside its production possibilities curve.

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Definitions:

Anterograde Amnesia

A condition in which the ability to form new memories following the onset of amnesia is impaired or lost, while long-term memories from before the amnesia remain accessible.

Head Injury

Physical trauma to the head leading to brain damage, which can affect a person's cognitive functions, physical abilities, or emotional behavior.

Hippocampal Region

A complex brain structure embedded deep into temporal lobe, playing a major role in learning and memory.

Long-term Memories

Memories stored within the brain that can last from days to an entire lifetime, encompassing personal experiences, facts, and concepts.