Solved

A Person Is Said to Have a _____ in the Production

Question 115

Multiple Choice

A person is said to have a _____ in the production of a good if it can produce that good _____.


A) comparative advantage; with more resources than another person
B) absolute advantage; at a higher opportunity cost than another person
C) absolute advantage; outside its production possibility frontier
D) comparative advantage; at a lower opportunity cost than another person

Correct Answer:

verifed

Verified

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

Related Questions