CFA Practice Question

There are 341 practice questions for this study session.

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) ______.

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.
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