Solved

You Have an Absolute Advantage in Producing Something Whenever

Question 131

Multiple Choice

You have an absolute advantage in producing something whenever:


A) you enjoy producing that good.
B) you can produce more of it than someone else can using the same quantity of resources.
C) your opportunity cost is constant.
D) your opportunity cost is lower than that of other producers.
E) you have specific training in the production of that good.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions