Comparative Advantage is expressed in -------
A)Absolute Cost
B)Variable cost
C)Cost ratios
D)Marginal Cost

Question

Comparative Advantage is expressed in -------     
A)Absolute Cost
B)Variable cost
C)Cost ratios
D)Marginal Cost

Quizplus · Accepted Answer

Comparative advantage is expressed in cost ratios, as it involves comparing the relative costs of producing goods between countries or entities to determine where the efficiency lies. It's about how much of one good a country can produce at a lower opportunity cost compared to another.

Comparative Advantage Is Expressed in -------