Comparative Advantage Is

question 215

Multiple Choice

Comparative advantage is

• A) the ability to perform an activity at a lower opportunity cost than anyone else.
• B) the ability to perform an activity at a higher opportunity cost than anyone else.
• C) the ability to perform an activity at a zero opportunity cost.
• D) another name for absolute advantage.

---

Definitions:

Bernoulli Distribution

A probability distribution that takes two possible outcomes, 1 (success) with probability p, and 0 (failure) with probability 1-p.

Survey Question

A question used in a survey designed to collect data on the opinions, behaviors, or characteristics of respondents.

Probability Density Function

A function that describes the relative likelihood for a continuous random variable to take on a given value.

Smooth Curve

A continuous, gently bending line without sharp angles or disruptions, often used in graphing data or in mathematical functions.