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

Question

Quizplus · Accepted Answer

Comparative advantage refers to the ability of an entity to produce a good or service at a lower opportunity cost than others, allowing for more efficient trade and production distributions based on these advantages.

Comparative Advantage Is