Question
What distinguishes comparative advantage from absolute advantage in production?(1 point)
Responses
a A country has comparative advantage in production when its opportunity costs of producing a good are higher than another country's.
b A country has comparative advantage in production when it requires fewer total inputs than does another country to produce the same output.
c A country has comparative advantage in production when its opportunity costs of producing a good are lower than another country's.
d A country has comparative advantage in production when it requires more total inputs than does another country to produce the same output.
Responses
a A country has comparative advantage in production when its opportunity costs of producing a good are higher than another country's.
b A country has comparative advantage in production when it requires fewer total inputs than does another country to produce the same output.
c A country has comparative advantage in production when its opportunity costs of producing a good are lower than another country's.
d A country has comparative advantage in production when it requires more total inputs than does another country to produce the same output.
Answers
GPT 3.5
c A country has comparative advantage in production when its opportunity costs of producing a good are lower than another country's.