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.
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