If There Are Two Goods and Two Countries, Then One

question 205

Multiple Choice

If there are two goods and two countries, then one country can have

• A) a comparative advantage in only one good.
• B) a comparative advantage in both goods.
• C) a higher opportunity cost of producing both goods.
• D) a lower opportunity cost of producing both goods.

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Definitions:

Flexibility

The ability to adapt to new, different, or changing requirements and situations.

Inner Motivation

The drive to engage in an activity for its own sake and personal rewards, rather than for some external rewards or pressures.

Algorithms

A set of instructions designed to perform a specific task or solve a particular problem.

Convergent Thinking

A thought process aimed at figuring out the most effective answer to a problem, utilizing logic and analysis.