If One Person Has the Absolute Advantage in Producing Both

question 119

Multiple Choice

If one person has the absolute advantage in producing both of two goods, then that person

• A)must also have a comparative advantage in both goods
• B)cannot benefit from trade
• C)cannot have a comparative advantage in either good
• D)will have the comparative advantage in only one good
• E)should specialize in the production of both goods

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Definitions:

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The act of copying someone else's work or ideas and presenting them as your own without permission or proper acknowledgment.

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Reproduction of the text in exactly the same words originally used.

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A standardized way of acknowledging the sources of information and ideas that have been used in written work.

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The measure of excellence in the aesthetic and functional aspects of a design, including usability, appeal, and effectiveness.