A Person Has a Comparative Advantage in an Activity Whenever

question 89

Multiple Choice

A person has a comparative advantage in an activity whenever he or she

• A)can do the activity in less time than anyone else.
• B)can do everything better than anyone else.
• C)can perform the activity at a lower opportunity cost than anyone else.
• D)has an absolute advantage in the activity.

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Definitions:

Absolute Number

An absolute number is a value expressed without any reference to other data, representing a quantity on its own.

Poverty Trends

The patterns or changes in levels and rates of poverty over a period of time across different regions or population groups.

Poverty Rate

The percentage of a population that lives below the poverty line, which is the minimum level of income deemed necessary to achieve an adequate standard of living.

Number of People

Refers to the total population or specific subset of individuals in a particular area or group.