If a Country Is Better at Producing All Goods, It

question 42

Multiple Choice

If a country is better at producing all goods, it has a(n) :

• A) trade deficit
• B) comparative advantage
• C) absolute advantage
• D) trade surplus
• E) None of these answers are correct.

---

Definitions:

Personal Projects

Individual pursuits or tasks that a person considers significant and undertakes to achieve personal goals.

Well-Formulated Goals

Objectives that are clearly defined, measurable, attainable, relevant, and time-bound, facilitating achievement and progress tracking.

Positive Illusions

Unrealistically favorable attitudes that people have towards themselves or to people that are close to them.

Goal-Setting

Involves the development of an action plan designed to motivate and guide a person or group toward achieving a specific objective.