Comparative Advantage Implies That You

question 77

Multiple Choice

Comparative advantage implies that you

• A) can produce more units of a good or service than another.
• B) can produce a good or service at a lower opportunity cost.
• C) can produce goods with more capital resources.
• D) can produce goods with more human resources.

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Definitions:

Supreme Court

The Supreme Court is the highest federal court in the United States, holding final appellate authority over all federal and state court cases that involve a point of constitutional or federal statutory law.

Fourteenth Amendment

An amendment to the U.S. Constitution, adopted in 1868, that grants citizenship to all persons born or naturalized in the United States, including former slaves, and guarantees all citizens "equal protection of the laws."

Gideon V. Wainwright

A landmark Supreme Court case in 1963 that established the right to free legal counsel for defendants in criminal cases who are unable to afford their own attorneys.

Attorney

A legal professional authorized to practice law, representing clients in legal matters and proceedings.