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What determines comparative advantage?

A

Comparative advantage means producing a good at a lower monetary cost than another country.

B

Comparative advantage means producing a good with a higher productivity than another country.

C

Comparative advantage means producing a good with more resources than another country.

D

Comparative advantage means producing a good at a lower opportunity cost than another country.

Card 1 of 25

2.6.2 Trade Flashcards

  1. A Level
  2. /Economics
  3. /2.6.2 Trade

25 flashcards on AQA A Level Economics 2.6.2 Trade: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.

Flashcards