If a Country Produces Only Two Goods,then It Is Not

question 178

True/False

If a country produces only two goods,then it is not possible to have a comparative advantage in the production of both those goods.

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Definitions:

Lexicon

A mental store thought to hold a cognitive processor’s knowledge of words, including their spelling, pronunciation, definition, part of speech, and so on.

Psychological Essentialism

The idea that people possess implicit theories about fundamental characteristics that all instances of a concept contain or embody.

Mental Representation

Internal cognitive symbols that represent external reality or abstract concepts, enabling understanding and reasoning.

Essences

The intrinsic nature or indispensable quality of something, especially something abstract, that determines its character.