Absolute Advantage

question 99

Multiple Choice

Absolute advantage

• A)is the same as comparative advantage
• B)implies autarky
• C)means that countries of the same size have the same opportunity cost of producing both goods
• D)means that a country can produce more of two goods than another country can
• E)means that a country can produce less of two goods than another country can

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Definitions:

Cross Section

A plane or surface cut through an object or structure, typically used to reveal its internal composition or structure.

Groundwater

Water stored beneath the Earth's surface within soil or in the gaps and spaces within rock formations.

Infiltrate

The process by which water or other fluids permeate into a substance through pores or small openings, often used in the context of soil absorption or espionage.

Impermeable Unit

A geological formation or material that does not allow fluids to pass through it.