When deciding how to divide up tasks, ________________ is more important than absolute advantage.

Question

Quizplus · Accepted Answer

When dividing up tasks, it is important to consider comparative advantage, which is the ability to produce a good or service at a lower opportunity cost than someone else. This means that even if one person is better at performing all tasks, it may still be more efficient for them to focus on the tasks they have a comparative advantage in and allow others to perform tasks where they may have a higher opportunity cost. Therefore, comparative advantage is more important than absolute advantage.

When Deciding How to Divide Up Tasks, ________________ Is More