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ya-yaa ya-yaa
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A year ago
Consider the gains from trade. What is the best definition of "comparative advantage"?

▸ The terms of trade index.

▸ The gains from international trade.

▸ The ability of one region to produce a commodity at a lower opportunity cost than another region.

▸ The ability of one region to produce a commodity with fewer total inputs than another region.

▸ The ability of one region to produce a commodity with less labour input than another region.
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Microeconomics

Microeconomics


Edition: 17th
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blf1210blf1210
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A year ago
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this is exactly what I needed
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