An economy is said to have a comparative advantage in the production of one good if it:
A.can produce more of all goods than another economy.
B.can produce less of all goods than another economy.
C.has the highest opportunity cost for producing a particular good.

has the lowest opportunity cost for producing a particular good.

Question

An economy is said to have a comparative advantage in the production of one good if it:
A.can produce more of all goods than another economy.
B.can produce less of all goods than another economy.
C.has the highest opportunity cost for producing a particular good.
 
has the lowest opportunity cost for producing a particular good.

Quizplus · Accepted Answer

The Answer of An economy is said to have a comparative advantage in the production of one good if it:
A.can produce more of all goods than another economy.
B.can produce less of all goods than another economy.
C.has the highest opportunity cost for producing a particular good.
 
has the lowest opportunity cost for producing a particular good.

An Economy Is Said to Have a Comparative Advantage in the Production