Solved

The Concept of "Comparative Advantage" Refers to the

Question 60

Multiple Choice

The concept of "comparative advantage" refers to the


A) ability of one region to produce a commodity with less labour input than another region.
B) ability of one region to produce a commodity with fewer total inputs than another region.
C) ability of one region to produce a commodity at a lower opportunity cost than another region.
D) terms of trade index.
E) gains from international trade.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents