If a Nation Has an Absolute Advantage in Producing a Good,then

question 28

Multiple Choice

If a nation has an absolute advantage in producing a good,then it

• A) will have a comparative advantage in producing that good.
• B) will have no need to trade with other nations.
• C) will always specialize in that good.
• D) might or might not have a comparative advantage in producing that good.
• E) will not have a comparative advantage in producing that good.

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Definitions:

Operant Conditioning

A method of learning where the intensity of an action is adjusted based on the outcomes of that action, like incentives or penalties.

Animal Training

The practice of teaching animals specific responses to specific conditions or stimuli.

Rat Extermination

The process of eliminating or controlling rat populations, often for public health reasons.

Conditioned Taste Aversions

A learned response where a person or animal avoids a food that previously caused illness or discomfort.