Examlex
Which of the following is an advantage of job specialisation?
Labor-Productivity
The measure of the amount of goods and services produced by one hour of labor.
Comparative Advantage
The ability of an entity to produce a good or service at a lower opportunity cost than others, leading to more efficient international trade.
Comparative Advantage
The ability of an individual, company, or country to produce a particular good or service at a lower opportunity cost than competitors, leading to more efficient international trade.
Comparative Advantage
A principle in international trade that suggests a country should export goods in which it is more efficient and import those in which it is less efficient, compared to other countries.
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