Comparative Advantage Occurs When a Person or a Country Can

question 36

Multiple Choice

Comparative advantage occurs when a person or a country can produce a good or service at a lower ____ than others.

• A)​fixed cost
• B)​variable cost
• C)​opportunity cost
• D)​total cost

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Definitions:

English Toleration Act

A 1690 act of Parliament that allowed all English Protestants to worship freely.

Non-Puritan Merchants

Merchants operating in the American colonies who did not adhere to Puritan religious principles, often playing a significant role in the economic life of the colonies.

Puritan Women

Refers to women part of the Puritan religious group in the 16th and 17th centuries, known for their strict moral codes and significant role in family and community life.

Charter Revoked

The act of an authoritative body withdrawing the rights or privileges conveyed by a charter, typically referring to the termination of a corporation's or organization's charter.