If an individual is able to produce a good with relatively less time,effort,or resources than somebody else,then that individual has
A)avoided opportunity costs.
B)an interaction advantage.
C)cornered the market.
D)removed scarcity.
E)a comparative advantage.

Question

Quizplus · Accepted Answer

The scenario described in the question refers to comparative advantage, where one individual has a lower opportunity cost for producing a particular good than another person. This means they can produce the good more efficiently in terms of time, effort, or resources, giving them a comparative advantage over their competitor.

If an Individual Is Able to Produce a Good with Relatively