It is impossible for one person to have a comparative advantage in all tasks.

Question

Quizplus · Accepted Answer

The theory of comparative advantage states that individuals, businesses, and countries should specialize in the production of goods and services in which they have the lowest opportunity cost and trade with others who specialize in different goods and services. Therefore, it is impossible for one person to have a comparative advantage in all tasks because there will always be other individuals who can produce certain goods or services at a lower opportunity cost.

It Is Impossible for One Person to Have a Comparative