Comparative Advantage Is Defined as

question 261

Multiple Choice

Comparative advantage is defined as

• A) the ability to produce more output of one good relative to another good than another country can.
• B) the ability to produce more output from given inputs of resources than others can.
• C) the ability to use more input of resources than others can.
• D) having a lower average fixed cost in the production of a good than does someone else.