What does comparative advantage reflect?
A) productivity
B) relative opportunity cost
C) equity
D) terms of trade advantage

Name: What does comparative advantage reflect? A) productivity B) relative opportunity cost C) equity D) terms of trade advantage
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Question

Quizplus · Accepted Answer

Comparative advantage reflects the relative opportunity cost, which is the cost of producing one unit of a good or service measured in terms of the amount of production of another good or service that must be sacrificed.

What Does Comparative Advantage Reflect