Solved

Comparative Advantage Is an Advantage Derived from

Question 20

Multiple Choice
Comparative advantage is an advantage derived from

Comparative advantage is an advantage derived from


A) a country's potential military superiority over another.
B) diplomatic initiatives, not economic theory.
C) a lower absolute input cost of producing a particular good than that of another country.
D) comparing the opportunity costs of production in two countries.
E) a country that exports more than it imports.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents