A person has a comparative advantage in the production of a good when she or he can
Produce the product at a(n)________ opportunity cost compared to another person.
A) higher
B) lower
C) equal
D) diminishing
E) increasing

Question

Quizplus · Accepted Answer

A person has a comparative advantage in the production of a good when she or he can produce the product at a lower opportunity cost compared to another person. This means they can produce the good at a lower cost in terms of giving up other goods or activities.

A Person Has a Comparative Advantage in the Production of a Good