Which of the Following Is Not Correct

question 131

Multiple Choice

Which of the following is not correct?

• A)The producer who requires a smaller quantity of inputs to produce a good is said to have an absolute advantage in producing that good.
• B)The producer who gives up less of other goods to produce Good X has the smaller opportunity cost of producing Good X.
• C)The producer who has the smaller opportunity cost of producing a good is said to have a comparative advantage in producing that good.
• D)The gains from specialization and trade are based not on comparative advantage but on absolute advantage.

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Definitions:

Rewards

Benefits, monetary or non-monetary, given for meeting certain criteria or achieving specific goals, often used as motivation in various contexts.

Workload Pressure

A situation in which the demands of the job exceed the employee's capacity to manage them, potentially leading to stress and decreased performance.

Creativity

The use of imagination or original ideas to create something; inventiveness.

Positively Correlated

Refers to a relationship between two variables where an increase in one variable is associated with an increase in the other.