Comparative Advantage Is

question 215

Multiple Choice

Comparative advantage is

• A) the ability to perform an activity at a lower opportunity cost than anyone else.
• B) the ability to perform an activity at a higher opportunity cost than anyone else.
• C) the ability to perform an activity at a zero opportunity cost.
• D) another name for absolute advantage.

---

Definitions:

Netherlands' Green Plan

An environmental policy initiative by the Dutch government aimed at reducing greenhouse gas emissions, promoting sustainable development, and implementing green technology.

Integrated Life Cycle

refers to a comprehensive approach considering all stages of an entity’s existence, from inception through development, use, and disposal, aiming for sustainability.

Public Awareness

The level of understanding, consciousness, or knowledge about a particular topic or issue among the general public, often achieved through education and media campaigns.

External Costs

External costs are those costs that are not directly accounted for by the producer or consumer but are incurred by third parties or the environment.