In general, individuals and nations should specialize in producing goods ________ other individuals or nations.
A)that they can produce more quickly than
B)that they can produce less quickly than
C)for which they have a lower opportunity cost compared to
D)for which they have a higher opportunity cost compared to

Question

Quizplus · Accepted Answer

The Principle of Comparative Advantage states that people should specialize in the activities for which their opportunity cost is the lowest.

In General, Individuals and Nations Should Specialize in Producing Goods