_____ is defined as the relative advantage in one economic activity that one nation enjoys in relation to other nations.
A) Outright advantage
B) First-mover advantage
C) Absolute advantage
D) Comparative advantage

Question

Quizplus · Accepted Answer

Comparative advantage refers to the ability of a nation to produce a particular good or service at a lower opportunity cost compared to other nations, giving it a relative advantage in that economic activity.

_____ Is Defined as the Relative Advantage in One Economic