It is possible for one person to have a comparative advantage in the production of both goods being produced.

Name: It is possible for one person to have a comparative advantage in the production of both goods being produced.
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Question

Quizplus · Accepted Answer

Comparative advantage occurs when a person can produce a good at a lower opportunity cost than others. If one person has a comparative advantage in both goods, it would mean they have a lower opportunity cost for both, which is not possible as opportunity costs are relative.

It Is Possible for One Person to Have a Comparative