Assuming a CEO has to sacrifice more than his assistant in order to engage in full-time typing, we would say that his assistant has a(n) ________ advantage in typing versus the CEO.
A) absolute
B) comparative
C) pecuniary
D) overwhelming

Question

Quizplus · Accepted Answer

The term "comparative advantage" refers to the ability of an individual or group to perform a particular task more efficiently at a lower opportunity cost than another individual or group. In this scenario, the assistant has a comparative advantage in typing because their sacrifice (in terms of what they could be doing instead of typing) is less than that of the CEO.

Assuming a CEO Has to Sacrifice More Than His Assistant