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anonymous

  • one year ago

Comparative advantage is the ability to produce more of a given product using a given amount of resources. A. True B. False

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  1. anonymous
    • one year ago
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    @thomaster

  2. Photon336
    • one year ago
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    when someone say has a Comparative advantage when it comes to producing a product, he or she can produce that product at a lower cost than anyone else. another way to think about it is the ability to produce a product most efficiently given all the other products that could be produced an absolute advantage would be when someone has the ability to produce more of a given product given a certain amount of resources. i think that's the definition of absolute advantage which would be false, at least in my opinion.

  3. Photon336
    • one year ago
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    @coniquee

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