Comparative advantage is
A)the ability to perform an activity at a lower opportunity cost than anyone else.
B)the ability to perform an activity at a zero opportunity cost.
C)the ability to perform an activity at a higher opportunity cost than anyone else.
D)another name for absolute advantage.

Question

Quizplus · Accepted Answer

Comparative advantage refers to the ability of an individual or group to carry out a particular economic activity more efficiently than another activity, meaning at a lower opportunity cost.

Comparative Advantage Is