The complete sentences using the production possibility schedule are when producers have a lower opportunity cost, they are at a comparative advantage, higher tax returns process more quickly compared to lower tax returns, and making sales is more successful when there are more calls.
<h3><u>Comparative advantage: what is it?</u></h3>
An economy has a comparative advantage if it can produce a certain good or service at a lower opportunity cost than its trading partners. Comparative advantage is a theory that explains why trade is advantageous for businesses, nations, and people alike.
Comparative advantage, when used to describe international trade, refers to the goods that one country can produce more easily or more affordably than another. While this typically demonstrates the positive effects of trade, some modern economists now acknowledge that concentrating only on comparative advantages can lead to resource exploitation and depletion in a nation.
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