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what is the ability of one person or nation to produce a good at an opportunity cost that is lower than that of another person or nation
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Asked 7/19/2013 10:50:27 AM
Updated 12/30/2016 12:31:27 PM
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Flagged by emdjay23 [12/30/2016 12:31:27 PM]
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User: what is the ability of one person or nation to produce a good at an opportunity cost that is lower than that of another person or nation

Question
Asked 7/19/2013 10:50:27 AM
Updated 12/30/2016 12:31:27 PM
1 Answer/Comment
Flagged by emdjay23 [12/30/2016 12:31:27 PM]
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Comparative advantage is the ability of one person or nation to produce a good at an opportunity cost that is lower than that of another person or nation.
Added 12/30/2016 12:31:24 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [12/30/2016 7:19:37 PM]
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