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Author Question: Comparative advantage means A) the ability to produce a good or service at a lower opportunity ... (Read 126 times)

Redwolflake15

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on: Jun 29, 2018
Comparative advantage means
 
  A) the ability to produce a good or service at a lower opportunity cost than any other producer.
  B) the ability to produce a good or service at a higher opportunity cost than any other producer.
  C) compared to others you are better at producing a product.
  D) the ability to produce more of a product with the same amount of resources than any other producer.

Question 2

In economics, the term free rider refers to
 
  A) a person who evades taxes.
  B) one who waits for others to produce a good and then enjoys its benefits without paying for it.
  C) a supervisor who delegates menial time-consuming activities to others.
  D) one who volunteers her services.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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ghepp

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


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