When a Nation Exports a Good or Service in Which

question 231

Multiple Choice

When a nation exports a good or service in which it has a comparative advantage,production of the good or service

• A) decreases.
• B) stays the same.
• C) increases.
• D) might change, but more information about what the country imports is needed to determine if production increases, decreases, or does not change.
• E) might change, but more information about what else the country exports is needed to determine if production increases, decreases, or does not change.

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Definitions:

Consumer Product

Goods or services that are purchased by individuals for personal or household use.

Specialty Products

Highly differentiated products or services that are often unique and for which consumers are willing to make a special purchasing effort.

Waterford Crystal

A brand of fine crystal known for its high quality and intricate designs, originating from Waterford, Ireland.

Serving Bowls

Containers designed for holding and serving food during meals, often part of a tableware set.