Which of the following statements is true?
A)Absolute advantage implies comparative advantage.
B)Comparative advantage does not require absolute advantage.
C)Absolute advantage requires comparative advantage.
D)Comparative advantage requires absolute advantage.

Question

Quizplus · Accepted Answer

Comparative advantage and absolute advantage differ: you can have both at the same time, but you can also have one but not the other.

Which of the Following Statements Is True