Someone has a comparative advantage in producing a good when a) one has specific training in the production of that good. b) one's opportunity cost is constant. O o) one's opportunity cost of producing that good is lower than that of other producers. O d) one can produce more of the good than someone else using the same d) resources. O e) one enjoys producing that good.
Someone has a comparative advantage in producing a good when a) one has specific training in the production of that good. b) one's opportunity cost is constant. O o) one's opportunity cost of producing that good is lower than that of other producers. O d) one can produce more of the good than someone else using the same d) resources. O e) one enjoys producing that good.
Chapter3: Scarcity, Trade-offs, And Production Possibilities
Section: Chapter Questions
Problem 9P
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Transcribed Image Text:Someone has a comparative advantage in producing a good when
a) one has specific training in the production of that good.
b) one's opportunity cost is constant.
O c) one's opportunity cost of producing that good is lower than that of other
producers.
d)
one can produce more of the good than someone else using the same
resources.
O e) one enjoys producing that good.
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