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:

Preceding Explanation

An explanation or description that comes before another part of text, providing necessary background information.

Bad-News Messages

Communications designed to convey information that might be disappointing, unwelcome, or unfavorable to the receiver, handled with care to mitigate negative reactions.

Negative-News Situation

A scenario where unpleasant information has to be communicated, often requiring careful word choice and tone.

Preliminary Explanation

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