AnswersMO-EconomicsComparative and Absolute Advantage

Comparative and Absolute Advantage Answers

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1
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Absolute advantage is best defined as:

A
being able to make more of a product than a competitor.
B
being able to use fewer resources than a competitor.
C
being able to produce more efficiently than a competitor.
D
being able to create a product with a higher opportunity cost than a competitor.
2
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Annie’s MusicThe Music Factory

A
Annie’s Music
B
The Music Factory
3

Duke's and Beverage King can when they specialize.

A
produce more
B
produce less
4

Riley Sean Jake

A
Riley
B
Sean
C
Jake

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