Answers 2102320-Economics HONORS - Edgenuity Teacher Comparative and Absolute AdvantageQuestion 5

5

AssignmentMultiple Choice

Comparative and Absolute Advantage

Question 5 • 2102320-Economics HONORS - Edgenuity Teacher

What is the difference between comparative advantage and absolute advantage?

Answer

A

Comparative advantage measures opportunity cost and absolute advantage measures efficiency.

B

Absolute advantage measures opportunity cost and comparative advantage measures production cost.

C

Comparative advantage measures sale price and absolute advantage measures production cost.

D

Absolute advantage measures sale price and absolute advantage measures production cost.

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