The Difference Between Absolute and Comparative Advantage Is That

question 28

Multiple Choice

The difference between absolute and comparative advantage is that:

• A)absolute advantage refers to input cost,while comparative advantage refers to opportunity cost.
• B)absolute advantage refers to opportunity cost,while comparative advantage refers to input cost.
• C)absolute advantage refers to individuals,and comparative advantage refers to countries.
• D)absolute advantage refers to countries,and comparative advantage refers to individuals.
• E)absolute advantage is applicable to intranational trade,while comparative advantage applies to international trade.

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Definitions:

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The removal of water or liquid from a place or object, often using pipes or channels.

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A genetically inherited disorder in which the body cannot properly metabolize the nutrient phenylalanine, resulting in the buildup of phenylketones in the blood and their presence in the urine. The accumulation of phenylketones results in mental retardation.

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A genetic condition characterized by a lack of melanin pigment, resulting in little or no color in the skin, hair, and eyes.

Epithelial

Pertains to the tissues composed of layers of cells that line the surfaces and cavities of organs and structures throughout the body.