ECONOMICS
Multiple Choice
Comparative advantage is
a.the ability of an individual to specialize and produce a greater amount of some good than can another individual
b.the number of units of one good given up in order to acquire something
c.the ability of an individual to produce a good at a lower opportunity cost than some other individual can
d.an expression for the amount of labor a particular individual needs to produce a fixed amount of capital goods
e.a reference to an individual having the greatest opportunity cost of producing the good and produces it with the fewest resources
Click here for the SOLUTION
No comments:
Post a Comment