If an individual has a comparative advantage in the production of a good, then this individual has the
A. greatest desire for the good.
B. lowest opportunity cost in the production of the good.
C. highest opportunity cost in the production of the good.
D. same opportunity cost in the production of the good.
Answer: B
You might also like to view...
Suppose that IS and LM intersect at full-employment output. A leftward shift of IS will be followed by a __________ price level that shifts LM to the __________ in a return to full employment
A) rising; right B) rising; left C) falling; right D) falling; left
Over time, nations tend to converge to
A) the same balanced growth path and same income per capita. B) the same balanced growth path but varying income per capita. C) different balanced growth paths but the same income per capita. D) different balanced growth paths because of varying income per capita.