An Individual Has a Comparative Advantage in Production If That

question 202

Multiple Choice

An individual has a comparative advantage in production if that individual:​

• A)​can produce at the highest opportunity cost.
• B)​is more self-sufficient than others.
• C)​can produce at the lowest opportunity cost.
• D)​all of the above

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Definitions:

Parentheses

Parentheses are symbols used in mathematics to group terms or to indicate the order of operations.

Annual Sales

The total value of all sales transactions completed by a business over the course of a year.

Sporting Goods

Items and equipment used for athletic or recreational activities.

Combining Like Terms

The process of adding or subtracting algebraic terms that have the same variable components.