Which of the following refers to the ability of a person or a-17838
Which of the following refers to the ability of a person or a country to produce a particular good at a lower opportunity cost than another country?
This multiple choice question (MCQ) is related to the book/course vu mgt610 Business Ethics. It can also be found in vu mgt610 Final Term - Quiz No.1.
Which of the following refers to the ability of a person or a country to produce a particular good at a lower opportunity cost than another country?
Absolute advantage
Comparative advantage
Resource efficiency
Natural advantage