Author Question: Comparative advantage is A) the ability to perform an activity at a lower opportunity cost than ... (Read 111 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
Comparative advantage is
 
  A) the ability to perform an activity at a lower opportunity cost than anyone else.
  B) the ability to perform an activity at a higher opportunity cost than anyone else.
  C) the ability to perform an activity at a zero opportunity cost.
  D) another name for absolute advantage.

Question 2

The cost of producing an additional unit of a good or service that falls on people other than the producer of that good or service is the
 
  A) marginal external cost.
  B) marginal private cost.
  C) marginal social cost.
  D) None of the above answers is correct.



jasonq

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

For a complete list of videos, visit our video library