A Person Has a Comparative Advantage in an Activity Whenever

question 204

Multiple Choice

A person has a comparative advantage in an activity whenever she

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

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Definitions:

Legislative

Relating to laws or the process of making laws, often through a governing body or legislature.

Judicial Powers

The authority granted to courts and judges to interpret and apply the law, make judgments, and carry out justice.

Administrative Law Judge's Decision

A ruling issued by an administrative law judge, which resolves disputes involving government agencies and the application of administrative laws.

Court

A tribunal, often a governmental institution, with the authority to adjudicate legal disputes between parties and render judgments.