Comparative Advantage Refers to the Ability to Produce Output with Fewer

question 69

True/False

Comparative advantage refers to the ability to produce output with fewer resources than any other country.
Comparative advantage refers to the ability to produce output at a lower opportunity cost than any other country.

---

Definitions:

Trench Warfare

A type of land warfare using occupied fighting lines consisting largely of military trenches, in which troops are significantly protected from the enemy's small arms fire and are substantially sheltered from artillery.

War of Attrition

A prolonged conflict in which each side seeks to gradually wear down the other by a series of small-scale actions.

Immigrant Sentiment

Public or collective attitudes, often mixed or negative, towards immigrants and immigration policymaking within a country.

Henry Ford

An American industrialist and founder of the Ford Motor Company, who revolutionized factory production with his assembly line methods.