The ability of one person or nation to produce a good at a lower opportunity cost than another is called a(n):
A. market advantage.
B. comparative advantage.
C. absolute advantage.
D. specialization advantage.
Answer:B
The ability of one person or nation to produce a good at a lower opportunity cost than another is called a(n):
A. market advantage. B. comparative advantage. C. absolute advantage. D. specialization advantage.