Solved

A Person Has a Comparative Advantage in Producing a Good

Question 66

Multiple Choice

A person has a comparative advantage in producing a good if:


A) that person can produce the good at a lower absolute cost than anyone else.
B) that person can produce the good at a lower opportunity cost than anyone else.
C) that person can do a better job than anyone else.
D) that person spends less money in out-of-pocket expenses than anybody else.
E) that person can produce the good at a higher opportunity cost than anyone else.

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