An Absolute Advantage Occurs When a Country Can Maintain _____

question 41

Multiple Choice

An absolute advantage occurs when a country can maintain _____.

• A)a monopoly by outlawing foreign imports
• B)a monopoly by levying high taxes on imports
• C)a monopoly by being the lowest-cost producer of a good or service
• D)its advantage by producing a good or service more efficiently

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Definitions:

Adopted Children

Children who have been legally taken into a family that is not their biological family, to be raised as a member of that family.

Biological Parents

The individuals from whom one inherits their genetic traits, typically referred to as the mother and father.

Canalized

A term referring to traits that are strongly influenced by genetic factors and less affected by environmental conditions.

Species-Typical Characteristics

Traits or behaviors that are common and normative within a particular species.