Which of the Following Is True

question 62

Multiple Choice

Which of the following is true?

• A)​A nation cannot have a comparative advantage in the production of every good.
• B)​A nation cannot have an absolute advantage in the production of every good.
• C)​A nation can have a comparative advantage in the production of every good, but not an absolute advantage.
• D)​A nation can have a comparative advantage in the production of a good only if it also has an absolute advantage.

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Definitions:

False Consensus Effect

The cognitive bias to overestimate the extent to which others share our beliefs, attitudes, and behaviors.

Weight Discrimination

The unfair treatment of individuals based solely on their weight or body size, often manifesting in social, professional, and health care contexts.

Festinger And Carlsmith

Researchers known for their 1959 cognitive dissonance experiment, which investigated the effects of forced compliance behavior on changing attitudes.

Cognitive Dissonance

A state of psychological conflict arising from holding conflicting beliefs or values, leading to feelings of discomfort and the motivation to achieve consonance.