If Iowa's Opportunity Cost of Corn Is Lower Than Oklahoma's

question 109

Multiple Choice

If Iowa's opportunity cost of corn is lower than Oklahoma's opportunity cost of corn, then

• A)Iowa has a comparative advantage in the production of corn.
• B)Iowa has an absolute advantage in the production of corn.
• C)Iowa should import corn from Oklahoma.
• D)Oklahoma should produce just enough corn to satisfy its own residents' demands.

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Definitions:

Yea-Saying

A response bias wherein participants in a study agree or say 'yes' to questions regardless of their actual opinion.

Nay-Saying

A response bias in survey research where participants consistently disagree or respond negatively to questions.

Negatively Worded

Refers to items or statements framed in a manner that uses negative expressions, often used in surveys or assessments to check consistency of responses.

Archival Study

A research method in which the researcher examines existing records or databases to find answers to research questions.