A person has a comparative advantage in an activity if that person can
A) produce more goods in a given amount of time than another person.
B) produce fewer goods in a given amount of time than another person.
C) perform the activity at a lower opportunity cost than anyone else.
D) perform that activity at a higher opportunity cost than anyone else.

Question

Quizplus · Accepted Answer

Comparative advantage occurs when a person can perform an activity at a lower opportunity cost than others, allowing for more efficient allocation of resources in economic exchanges.

A Person Has a Comparative Advantage in an Activity If