Comparative Advantage Is

question 475

Multiple Choice

Comparative advantage is

• A) the ability to perform an activity at a zero opportunity cost.
• B) identical to absolute advantage.
• C) the ability to perform an activity at a higher opportunity cost than anyone else.
• D) the ability to perform an activity at a lower opportunity cost than anyone else.

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Definitions:

Proposition Form

A symbolic representation of a proposition that illustrates the logical structure of the statement, often using variables to represent component propositions.

Ordering

The process of arranging or organizing items in a systematic sequence or in a particular manner.

Parts

Components or elements that make up a whole entity.

Standard Form

A recognized format for structuring mathematical, logical, or other types of statements, simplifying communication and understanding.