Comparative advantage is defined as
A) producing all goods at lower opportunity costs than other countries can.
B) producing more output of all goods than anyone else can.
C) producing one good at a lower opportunity cost than another country can.
D) the ability to produce more output from given inputs than anyone else can.

Question

Quizplus · Accepted Answer

Comparative advantage is the ability of a country to produce a particular good or service at a lower opportunity cost than another country. In other words, it means that a country can produce more of a particular good or service relative to the production of another good or service compared to another country.

Comparative Advantage Is Defined as