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
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