Comparative Advantage Is

question 307

Multiple Choice

Comparative advantage is

• A) when a country can produce a good at a lower opportunity cost compared to other countries.
• B) when a country can produce all goods more quickly than any other country.
• C) when the production possibilities curve shifts outward to the right.
• D) only for individuals and not countries.

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Definitions:

Sense of Inferiority

A psychological condition marked by feelings of not measuring up to standards or being less than others in some way.

Identity Crisis

A psychological condition characterized by uncertainty, confusion, and anxiety regarding one's sense of self or social identity.

Developmental Outcome

The result or consequence of growth processes, often assessed in psychological, educational, or health contexts.

Eriksonian Stage

A phase in Erik Erikson's theory of psychosocial development representing challenges and tasks across a person's lifespan.