Multiple Choice

Figure 1.1

-A person has a comparative advantage in producing a good if that person
A) can produce the good at a lower absolute cost than anyone else.
B) can produce the good at a lower opportunity cost than anyone else.
C) can do a better job than anyone else.
D) spends less money in out-of-pocket expenses than anyone else.
E) can produce the good at a higher opportunity cost than anyone else.
Correct Answer:
Verified
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