Which statement is TRUE?
A)Some very talented people have a comparative advantage in everything they do.
B)Some very untalented people have a comparative advantage in nothing they do.
C)Some very talented people have a very low opportunity cost in everything they do.
D)It is possible to have an absolute disadvantage but a comparative advantage in something.

Question

Quizplus · Accepted Answer

Comparative advantage exists when a person or country can produce a good or service at a lower opportunity cost than others, even if they are less efficient (have an absolute disadvantage) in producing that good or service overall. This concept allows for trade benefits between parties, each specializing in areas where they hold a comparative advantage.

Which Statement Is TRUE