Which of the Following Best Describes Comparative Advantage

question 271

Multiple Choice

Which of the following best describes comparative advantage?

• A) being able to produce more output than any other country
• B) using the fewest number of resources to produce a given amount of output
• C) having the largest number of resources compared to other countries
• D) forgoing the fewest units of one product to produce a unit of another product
• E) It is the same as absolute advantage.

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