Multiple Choice
Comparative advantage is
A) the ability of an individual to specialize and produce a greater amount of some good than can another individual
B) the number of units of one good given up in order to acquire something
C) the ability of an individual to produce a good at a lower opportunity cost than some other individual can
D) an expression for the amount of labor a particular individual needs to produce a fixed amount of capital goods
E) a reference to an individual having the greatest opportunity cost of producing the good and produces it with the fewest resources
Correct Answer:

Verified
Correct Answer:
Verified
Q191: An improvement in technology<br>A)will always result in
Q192: The Sultan of Brunei, one of the
Q193: A production possibilities frontier will shift outward
Q194: Absolute advantage is based on opportunity cost.
Q195: Pure capitalism and a pure command system
Q197: Exhibit 2-12 Maria and Hans Production Possibilities
Q198: In one week, Tetah can knit 15
Q199: If Helen gives up the opportunity to
Q200: The production possibilities frontier represents all desirable
Q201: Which of the following would not shift