Solved

Comparative Advantage in Production of a Good Occurs

Question 174

Multiple Choice

Comparative advantage in production of a good occurs


A) when a country can produce that good using fewer resources than could other countries.
B) when a country can produce that good at a greater opportunity cost than could other countries.
C) when a country can produce that good at a lower opportunity cost than could other countries.
D) when a country has a greater supply of natural resources required to produce that good, compared to other countries.

Correct Answer:

verifed

Verified

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

Related Questions