- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 6. International Trade
- Subject 1. International Trade
CFA Practice Question
The country with a comparative advantage in the production of good X is the one that ______
A. has the greatest technical efficiency in producing good X.
B. can produce good X with the least labor.
C. can produce good X at the lowest opportunity cost.
Explanation: Opportunity cost is the only determinant of comparative advantage.
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