"Comparative Advantage" Is Defined as a Situation in Which One

question 246

Multiple Choice

"Comparative advantage" is defined as a situation in which one person can produce

• A) more of all goods than another person.
• B) more of a good than another person.
• C) a good for a lower dollar cost than another person.
• D) a good for a lower opportunity cost than another person.
• E) all goods for lower opportunity costs than another person.

---

Definitions:

Lose-Lose Approach

A conflict resolution or negotiation strategy where all parties involved end up being worse off or not achieving their objectives.

Competitor

Someone who is most likely to try a win-lose approach to conflict resolution, especially if he or she is personally involved in the conflict.

Negotiation-Of-Selves Conflict

A psychological conflict that arises when an individual's different social roles or selves are in opposition, requiring negotiation or compromise among them.

Lose-Lose Strategy

A strategy in which everyone gives up something, and the focus is on compromise.