The Difference Between Absolute and Comparative Advantage Is That

question 28

Multiple Choice

The difference between absolute and comparative advantage is that:

• A)absolute advantage refers to input cost,while comparative advantage refers to opportunity cost.
• B)absolute advantage refers to opportunity cost,while comparative advantage refers to input cost.
• C)absolute advantage refers to individuals,and comparative advantage refers to countries.
• D)absolute advantage refers to countries,and comparative advantage refers to individuals.
• E)absolute advantage is applicable to intranational trade,while comparative advantage applies to international trade.

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