A person has a comparative advantage in producing a good if that person:
A) Has higher productivity in producing it than anyone else has
B) Can produce it at a lower opportunity cost than anyone else can
C) Has less desire to consume that good than anyone else has
D) Has more human capital related to that good than anyone else has
Correct Answer:
Verified
Q18: Private producers will only choose to sell
Q19: Figure 8.1
Market for Traditional Beans in Small
Q20: The _ of Jamaica,women who carry agricultural
Q21: Why might private actors fail to undertake
Q22: Which type of industry renders a firm
Q23: The logic of _ indicates that new
Q24: If local food supply is highly _,food
Q25: Governments and humanitarian aid organizations have a
Q26: If production is characterized by _,then expansion
Q28: It is sometimes thought that the mere
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