CorporalRivalle2368 CorporalRivalle2368
  • 25-02-2020
  • Social Studies
contestada

A person has a comparative advantage in the production of a good when they can produce the product at a(n) ________ opportunity cost compared to another person.

Respuesta :

larafolaji larafolaji
  • 26-02-2020

Answer:A person has comparative advantage in the production of a good when they can produce the product at a LOWER opportunity cost compared to another person

Comparative advantage is an economic term that refers to the ability of a company to produce goods and services at a lower opportunity cost than other trade partners. It is an advantage that makes goods and services has lower price than it's competitors .

Explanation:

Answer Link

Otras preguntas

find the distance travelled when the initial angular velocity is 3rad/s the final angular velocity is 25rad/s and the time of motion 10s​
Raymond bought a car for $40, 000. He took a $20,000 loan from a bank at an interest rate of 15% per year for a 3-year period. What is the total amount (interes
This is what I have to do to a link in order to go to it . Spanish Answer
how many people are incarcerated in the united states
Our living style is determined by climate Justify with examples ​
What mammal has webbed feet in two layers of fur?
What is the approximate value of k when 30 = e^5k?
Each vendor is rated on several performance metrics. Can you identify the vendors that best meet amazon’s goals?.
What is the equation for the line in slope-intercept form
Hershey and Chase used labeled DNA and protein to determine that DNA is the genetic material in bacteria. True False