In general, individuals and nations should specialize in producing those goods for which they have a(n):
A)absolute advantage.
B)comparative advantage.
C)absolutely comparative advantage.
D)absolute advantage and a comparative advantage.

Question

Quizplus · Accepted Answer

The Principle of Comparative Advantage states that people should specialize in the activities for which their opportunity cost is the lowest (that is, the activities in which they have a comparative advantage).

In General, Individuals and Nations Should Specialize in Producing Those