The Theory of Comparative Advantage Is Based On

question 38

Multiple Choice

The theory of comparative advantage is based on:

• A)absolute opportunity costs.
• B)relative opportunity costs.
• C)total costs of production.
• D)total costs,including transportation costs.
• E)a comparison of marginal cost with average variable costs.

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Definitions:

Communication Behavior

The ways in which individuals express themselves verbally and non-verbally during interactions.

Impact

The strong effect or influence that one thing has on another.

Human Communication

The process of making sense out of the world and sharing that sense with others by creating meaning through the use of verbal and nonverbal messages.

Encoded Communication

The translation of information or ideas into a specific format or code for transmission to a recipient.