Saturday, July 2, 2011

The law of comparative advantage says that a person should produce a good if she

ECONOMICS

Multiple Choice

The law of comparative advantage says that a person should produce a good if she

a.has the greatest desire to consume that good

b.has the lowest opportunity cost of producing that good

c.has an absolute advantage in a related activity

d.has a comparative advantage in a related activity

e.is equally good at producing this good as someone else is

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