Comparative advantage is the:
A) ability to produce a product with the lowest labor costs.
B) advantage gained from producing a product using the latest technology.
C) ability to produce a product at a lower opportunity cost than another producer.
D) worker's ability to sustain maximum effort without the use of complementary inputs.
Correct Answer:
Verified
Q168: What is dumping, and how might it
Q169: What are NAFTA and the EU?
Q170: Which of the following is FALSE concerning
Q171: In 2010, the largest category of U.S.
Q172: A tax on the import of computer
Q174: Country A can produce either 10 bikes
Q175: Suppose that the U.S. can produce either
Q176: Suppose that the U.S. can produce either
Q177: Suppose that the U.S. can produce either
Q178: If all countries specialized in producing the
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