Improvements in Productivity May Lead to Decreasing Comparative Costs If

question 194

Multiple Choice

Improvements in productivity may lead to decreasing comparative costs if

• A) The assumption of fixed technologies under constant costs is relaxed
• B) Technologies available to each nation is allowed to differ
• C) Resource endowments are allowed to vary
• D) All of the above

---

Definitions:

Press Setup

The preparation and adjustment of printing presses before a printing run.

Least-squares Regression

A statistical method used to estimate the relationship between variables, typically by minimizing the squares of the differences between observed and predicted values.

Least-squares Regression

Least squares regression is a statistical technique that identifies the optimal fit line by minimizing the sum of the squared differences between the actual and forecasted values.

Variable Component

The portion of costs or expenses that varies directly with changes in business activity level.