Comparative Advantage in Production Is Achieved by

question 9

Multiple Choice

Comparative advantage in production is achieved by

• A)Subsidizing,specializing,and lowering the price of an exported good.
• B)Being able to produce a good with fewer inputs than in other countries.
• C)Having terms of trade that are better than the terms of trade faced in other countries.
• D)Having a lower opportunity cost of producing a good relative to that of other countries.

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Definitions:

Option Buttons

Interactive elements within a graphical user interface that allow users to make one selection from a set of predetermined options.

Option Group

A graphical control element allowing the user to choose only one of a predefined set of mutually exclusive options.

Grouping Controls

Elements in user interfaces that allow for the organization and management of multiple controls or items as a single unit.

Yes/No Field

A type of database field that allows for the storage of a boolean value, typically representing a true (Yes) or false (No) state.