To say that an individual possesses an absolute advantage in the production of software means that he
A) has a lower opportunity cost of producing software.
B) can produce more,and/or higher quality,software in a given amount of time.
C) was the first to create the software.
D) charges the lowest price for software.
E) has the most capital.
Correct Answer:
Verified
Q13: Q14: If a person has the lowest opportunity Q15: In general,individuals should specialize in producing those Q16: If a nation can produce a good Q17: In general,individuals should specialize in producing those Q19: If everyone had the same opportunity cost
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