Multiple Choice
Which of the following best describes comparative advantage?
A) being able to produce more output than any other country
B) using the fewest number of resources to produce a given amount of output
C) forgoing the fewest units of one product to produce a unit of another product
D) having the largest number of resources compared to other countries
E) It is the same as absolute advantage.
Correct Answer:
Verified
Correct Answer:
Verified
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