Which of the Following Statements About Comparative Advantage Is Not

question 129

Multiple Choice

Which of the following statements about comparative advantage is not true?

• A)Comparative advantage is determined by which person or group of persons can produce a given quantity of a good using the fewest resources.
• B)The principle of comparative advantage applies to countries as well as to individuals.
• C)Economists use the principle of comparative advantage to emphasize the potential benefits of free trade.
• D)A country may have a comparative advantage in producing a good, even though it lacks an absolute advantage in producing that good.

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Definitions:

Humanistic

A psychological approach that emphasizes personal worth and the uniqueness of individuals, focusing on self-actualization and personal growth.

Parenting Style

The characterization of different approaches to raising children, including authoritative, authoritarian, permissive, and uninvolved styles.

Psychological Research

The systematic investigation of psychological issues and phenomena through controlled experimentation, observation, and analysis.

Individualistic Cultures

Societies that emphasize personal achievements and rights, prioritizing individual goals over group goals.