Multiple Choice
A person has a comparative advantage in the production of a good when she or he can
Produce the product at a(n) ________ opportunity cost compared to another person.
A) higher
B) lower
C) equal
D) diminishing
E) increasing
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q73: Restaurants,bars,and convenience stores are often located near
Q74: The presence of scarcity means that no
Q75: List and briefly explain each of the
Q76: William can create 30 meals in one
Q77: Explain how a market might develop naturally
Q79: Hassan enjoys lifting weights in his spare
Q80: Economics professors are well aware of the
Q81: Economists believe that individuals compare the benefits
Q82: Economics is concerned with the trade-offs that
Q83: The U.S.federal government offers homeowners a tax