Comparative Advantage Is Found by Comparing the Relative Costs of Production

question 123

True/False

Comparative advantage is found by comparing the relative costs of production in each country.

---

Definitions:

Federal Court Judge

An appointed official who serves in a federal court, deciding cases that involve federal laws, disputes between states, or constitutional issues.

American Bar Association

A national organization of lawyers and legal professionals in the United States aimed at improving the legal profession and the administration of justice.

Accredited Law School

A law school that has been evaluated and recognized by a regional or national accrediting body for meeting certain quality standards in education.

Supreme Court

The highest federal court in the United States, consisting of nine justices and holding the final authority in interpreting the U.S. Constitution and federal law.