- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 6. International Trade
- Subject 1. International Trade
CFA Practice Question
If a country can produce a good at a lower opportunity cost than any other country, then the country has a(n) ______.
B. balanced trade
C. absolute advantage
A. comparative advantage
B. balanced trade
C. absolute advantage
Correct Answer: A
User Contributed Comments 2
| User | Comment |
|---|---|
| smillis | Opportunity cost = comparative Lowest cost = absolute |
| eb2568 | well said. |