Having a comparative advantage in a particular task means that you
A) are better at it than other people.
B) give up more to accomplish that task than do others.
C) give up less to accomplish that task than do others.
D) have specialized in that task,while others have not
E) have more resources than others.

Question

Quizplus · Accepted Answer

Having a comparative advantage in a particular task means that you give up less to accomplish that task than do others. This is because you are more efficient in that task, and therefore can produce more with the same resources than others could. This allows you to specialize in that task and trade with others who have a comparative advantage in other areas.

Having a Comparative Advantage in a Particular Task Means That