Comparative advantage is directly related to which of the following concepts?
A) Opportunity cost
B) Efficiency
C) Fairness
D) Competition
E) Productivity

Question

Quizplus · Accepted Answer

Comparative advantage is the ability of a country to produce a particular good or service at a lower opportunity cost than another country. Therefore, it is directly related to the concept of opportunity cost.

Comparative Advantage Is Directly Related to Which of the Following