When a Person Has a Comparative Advantage in Producing a Good

question 88

Multiple Choice

When a person has a comparative advantage in producing a good or service,the person has

• A) a higher opportunity cost in producing that product than someone else.
• B) a constant opportunity cost in producing that product.
• C) a decreasing opportunity cost in producing that product.
• D) a lower opportunity cost in producing that product than someone else.
• E) an increasing marginal benefit in producing the good.

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Definitions:

Intermittent Reinforcement

A conditioning schedule in which rewards or punishments are given out at irregular intervals, making a behavior more resistant to extinction.

Continuous Reinforcement

A strategy in behavioral psychology involving the delivery of a reward after every desired action, intending to establish or strengthen behaviors.

Desired Behaviour

Actions or conduct that are preferred or sought after in a particular context or environment.

Positive Reinforcement

A technique in behavior modification that involves rewarding a desired behavior to increase the likelihood of its occurrence.