If Someone Can Produce a Good at a Lower Opportunity

question 198

Multiple Choice

If someone can produce a good at a lower opportunity cost, she ________ in producing that good.

• A) has a comparative advantage
• B) has an absolute advantage
• C) experiences no diminishing returns
• D) experiences no marginal costs

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Definitions:

Voluntary Control

The ability to consciously regulate bodily movements or actions through the nervous system.

Epiglottis

A flap of cartilage at the root of the tongue, which is depressed during swallowing to cover the opening of the windpipe.

Uvula

A small fleshy extension at the back of the soft palate which hangs above the throat and plays a role in speech and swallowing.

Upper Esophageal Sphincter

The muscular ring located at the top of the esophagus that controls the passage of food into the esophagus from the throat.