Comparative advantage is the ability to produce:
A. more of a good than others with a given amount of resources.
B. relatively more than any other good with a given amount of resources.
C. a good or service at a lower opportunity cost than others.
D. more of a good at a lower cost.
C. a good or service at a lower opportunity cost than others.
You might also like to view...
The accumulation of money that a government has borrowed over time but has not yet paid back is a: a. government outlay. b. government debt
c. government deficit. d. government surplus.
The payoff matrix below shows the payoffs (in millions of dollars) for two firms, A and B, for two different strategies, investing in new capital or not investing in new capital. 
An industry spy comes to firm B and offers to pay B in exchange for B's certain and enforceable promise to not invest. How much must the spy pay B?
A. At least $35 million B. At least $50 million C. $0 D. At least $15 million
The difference between consumption spending and disposable income _
What will be an ideal response?
________ is the ability of an individual, a firm, or a country to produce a good or service at a lower opportunity cost than competitors
A) Absolute advantage B) Specialization C) Autarky D) Comparative advantage