Mrs.Abel has a comparative advantage in producing cabbage if,in comparison to Mr.Lace,Mrs.Abel can grow cabbage
A) with less labor.
B) with fewer inputs.
C) at a lower equilibrium.
D) at a lower opportunity cost.
E) with less technology.

Question

Quizplus · Accepted Answer

The definition of comparative advantage is the ability to produce a good or service at a lower opportunity cost. Therefore, Mrs. Abel has a comparative advantage in producing cabbage if she can produce it with a lower opportunity cost compared to Mr. Lace.

MrsAbel Has a Comparative Advantage in Producing Cabbage If,in Comparison