If There Are Two Goods and Two Countries, Then One

question 79

Multiple Choice

If there are two goods and two countries, then one country can have

• A) an absolute advantage in only one good.
• B) an absolute advantage in both goods.
• C) a higher opportunity cost of producing both goods.
• D) a lower opportunity cost of producing both goods.

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Definitions:

Within-Subject Design

A research design in which the same group of subjects is exposed to all treatments or conditions, allowing direct comparison of different interventions on the same people.

Confounds

Confounds refer to variables that the researcher failed to control or eliminate, which can cause a potential alternative explanation for the findings in a study.

Precise Matching

The act of exactly aligning or fitting two or more elements together based on specific characteristics or criteria.

Replication

The process of duplicating an experiment or research study to confirm its findings in another context or sample.