When a Person Has a Comparative Advantage in Producing a Good

question 56

Multiple Choice

When a person has a comparative advantage in producing a good or service, the person has

• A) a higher opportunity cost in producing that product than someone else.
• B) an increasing marginal benefit in producing the good.
• C) a decreasing opportunity cost in producing that product.
• D) a constant opportunity cost in producing that product.
• E) a lower opportunity cost in producing that product than someone else.

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Definitions:

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