Comparative advantage is defined in terms of:
A) efficiency.
B) absolute advantage.
C) opportunity cost.
D) specialization.

Name: Comparative advantage is defined in terms of: A) efficiency. B) absolute advantage. C) opportunity cost. D) specialization.
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Comparative advantage is defined in terms of opportunity cost. It is the ability of a party to produce a particular good or service at a lower opportunity cost than another. This concept is crucial in the theory of international trade.

Comparative Advantage Is Defined in Terms Of