What Creates Comparative Advantage

question 65

Multiple Choice

What creates comparative advantage?

• A) lower costs
• B) higher opportunity costs
• C) specialization
• D) scarcity
• E) population growth

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Definitions:

Differences

Variations or distinct disparities between two or more entities, values, or conditions.

Null Hypothesis

A statistical assumption positing that there is no meaningful difference or association between specified attributes or variables.

One-way ANOVA

A statistical test that compares the means of three or more independent groups using variance analysis to determine if at least one group mean is significantly different from the others.

Freshman

Typically refers to a student in their first year of study in high school or college.