According to the law of comparative advantage, a particular task is performed most efficiently by the individual with the lowest
A) wage rate.
B) tax liability.
C) net worth.
D) opportunity cost.

Question

Quizplus · Accepted Answer

The law of comparative advantage states that a task is performed most efficiently by the individual with the lowest opportunity cost, meaning they give up the least amount of other goods or services to perform that task.

According to the Law of Comparative Advantage, a Particular Task