Which of the Following Statements Is True

question 89

Essay

Which of the following statements is true?
A.Some very talented people have a comparative advantage in everything they do.
B.Some very untalented people have a comparative advantage in nothing they do.
C.Some very talented people have a very low opportunity cost in everything they do.
D.It is possible to have an absolute disadvantage in doing something but still have a comparative advantage in the same thing.

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Definitions:

Interrelationships

The way in which each of two or more things is related to the other or others.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits over a specific period of time.

Telephone Expense

Costs incurred by a business for the use of telephone services.

Fees Earned

Revenue generated from services provided by a company or an individual.