A person has a comparative advantage in activity X when that person's:
A) opportunity cost of performing that activity is very high.
B) ability to perform that activity exceeds that of all other people.
C) government negotiates a favorable trade agreement.
D) opportunity cost is lower than other trading partners.
Correct Answer:
Verified
Q53: How can ―good institutions‖ foster growth? I.
Q55: Why are more people unhealthy in developing
Q56: Among the most powerful institutions for supporting
Q57: The Great Depression was:
A) a natural manifestation
Q59: Recessions are marked by which of the
Q62: What is one cause of inflation?
A) the
Q106: What factor is responsible for ending malaria
Q123: A dependable legal system and competitive, open
Q152: Economists have discovered that economic booms and
Q178: Inflation is primarily caused by:
A) businesses raising
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