80.6k views
4 votes
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.

User Virna
by
8.3k points

1 Answer

4 votes

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 .

Step-by-step explanation:

User Anton Cheng
by
8.1k points