When a Producer Has a Comparative Advantage at Producing a Good

question 60

Multiple Choice

When a producer has a comparative advantage at producing a good, it means the producer:

• A) can produce more of that good than others with the same number of workers.
• B) has the ability to produce the good at a lower opportunity cost than others.
• C) has no reason to trade with others.
• D) is efficient in production.

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