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