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Author Question: A person who can produce more of a good than another person is said to possess a comparative ... (Read 58 times)

Pineappleeh

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on: Jul 1, 2018
A person who can produce more of a good than another person is said to possess a comparative advantage.
 a. True
  b. False

Question 2

The law of comparative advantage states that the person who should produce a good is the person who
 a. has the lowest opportunity cost of producing that good
  b. can produce that good using the fewest resources
  c. will produce that good using the most expensive resources
  d. has the most desire for that good
  e. has produced that good in the past


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blakcmamba

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


Pineappleeh

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

Dominic

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Reply 3 on: Yesterday
Wow, this really help

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