If a Vintner Has a Comparative Advantage in Producing Wine

question 124

Multiple Choice

If a vintner has a comparative advantage in producing wine,

• A) he can produce more wine using the same resources than other vintners.
• B) wine is the only product he can produce.
• C) he can produce wine at a lower opportunity cost than other vintners.
• D) he also has an absolute advantage in producing wine.

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Definitions:

Group Cohesiveness

The extent to which members of a group feel bonded or united toward achieving a common goal.

Social Activities

Engagements that involve interaction with others for entertainment, recreation, or other social purposes.

Cohesiveness

Refers to the degree of camaraderie within a group.

Productivity

The measure of efficiency in converting inputs into useful outputs, often evaluated in terms of the amount of output produced per unit of input.