Solved

An Economy Is Said to Have a Comparative Advantage in the Production

Question 25

Multiple Choice

An economy is said to have a comparative advantage in the production of a good if it can:


A) produce that good with more resources than another economy.
B) produce that good with a higher opportunity cost than another economy.
C) produce that good outside its production possibilities curve.
D) produce the good at a lower opportunity cost than another economy.

Correct Answer:

verifed

Verified

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

Related Questions