What Economic Concept Is the Most Relevant When Defining Comparative

question 43

Multiple Choice

What economic concept is the most relevant when defining comparative advantage?

• A)opportunity cost
• B)sunk cost
• C)scarcity
• D)efficiency

---

Definitions:

Implied Warranty

An unwritten guarantee that the product or service being sold will meet a certain standard of quality and reliability.

Superseding Causes

Events or circumstances that occur after the defendant's negligent act that relieve the defendant of liability because they break the causal chain between the defendant's act and the plaintiff's injury.

Defendants

Individuals or entities accused of legal wrongdoing or charged with a crime in a court of law.

Proximate Cause

The primary cause of an injury in tort law, linking the defendant's conduct to the damages suffered by the plaintiff.