Multiple Choice

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:
Verified
Related Questions
Q15: Q16: A country has a comparative advantage when Q17: A country has an absolute advantage when Q18: If firms in the United States can![]()
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