A person has a comparative advantage in an activity whenever he or she
A) can do the activity in less time than anyone else.
B) can do everything better than anyone else.
C) can perform the activity at a lower opportunity cost than anyone else.
D) has an absolute advantage in the activity.
Correct Answer:
Verified
Q11: The production possibilities frontier
A) depicts the boundary
Q88: Q89: An expansion of the production possibilities frontier Q90: Q91: When an economy produces at its allocatively Q92: While producing on the production possibilities frontier, Q94: Which of the following is true regarding Q95: The production possibilities frontier is Q96: A country possesses a comparative advantage in Q98: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)upward sloping and