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msouthern msouthern
wrote...
Posts: 481
Rep: 7 0
4 years ago
If Italy can produce grapes at a lower opportunity cost than any other nation, Italy is said to have a(n) ________ in the production of grapes.

▸ absolute advantage

▸ comparative advantage

▸ autarky

▸ comparative disadvantage
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
Read 106 times
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wrote...
4 years ago
comparative advantage
msouthern Author
wrote...
4 years ago
Thanks
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