Multiple Choice
A person who has an absolute advantage in the production of all goods will
A) also have a comparative advantage in the production of all goods.
B) not be able to gain from specialization and trade.
C) produce all goods at the lowest opportunity cost.
D) not have a comparative advantage in the production of any goods.
E) have a comparative advantage in the production of only some goods and not others.
Correct Answer:

Verified
Correct Answer:
Verified
Q117: Use the table below to answer the
Q118: A medical clinic employs 10 workers.Each worker
Q119: The marginal benefit curve from a good<br>A)shows
Q120: Which one of the following concepts is
Q121: Any two individuals gain from trade<br>A)unless one
Q123: Use the figure below to answer the
Q124: Use the figure below to answer the
Q125: The production possibilities frontier shifts outward when<br>A)tastes
Q126: As we increase production of X,we must
Q127: Use the information below to answer the