The ability to produce some products more efficiently than others is referred to as
A)production advantage.
B)absolute advantage.
C)relative advantage.
D)selective advantage.
E)comparative advantage.

Question

Quizplus · Accepted Answer

Comparative advantage refers to the ability of a country or individual to produce a particular good or service at a lower opportunity cost than another country or individual.

The Ability to Produce Some Products More Efficiently Than Others