Which of the Following Best Describes Comparative Advantage

question 23

Multiple Choice

Which of the following best describes comparative advantage?  

• A) the ability of an individual to specialize and produce a greater amount of some good than can another individual 
• B) the number of units of one good given up in order to acquire something else 
• C) the ability of an individual to produce a good at a lower opportunity cost than can another individual 
• D) the amount of labour a particular individual needs to produce a fixed amount of capital goods

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Definitions:

Unfair Business Practices

Activities that mislead, deceive, or are unethical towards consumers or other businesses.

Generational Cohort

A group of people born within the same period, often showing similar characteristics, preferences, and values.

Baby Bust

A temporary marked decrease in the birth rate.

Interests

Preferences or areas of focus that attract an individual's attention or enthusiasm.