Whenever a person can produce more of all goods than anyone else, that person:
A) should be self-sufficient.
B) has a comparative advantage in everything.
C) has an absolute advantage.
D) should specialize in everything.
Answer: C
Whenever a person can produce more of all goods than anyone else, that person:
A) should be self-sufficient.
B) has a comparative advantage in everything.
C) has an absolute advantage.
D) should specialize in everything.
Answer: C