Which of the following statements about comparative advantage is not true? Group of answer choices Comparative advantage is dete
rmined by which person or group of persons can produce a given quantity of a good using the fewest resources. The principle of comparative advantage applies to countries as well as to individuals. Economists use the principle of comparative advantage to emphasize the potential benefits of free trade. A country may have a comparative advantage in producing a good, even though it lacks an absolute advantage in producing that good.
Comparative advantage is determined by which person or group of persons can produce a given quantity of a good using the fewest resources.
Explanation:
Comparative advantage is determined by which person of group can produce a given quantity of a good under the lowest opportunity cost, which is not necessarily the same as using the fewest resources.
The type of advantage that stems from using the fewest resources is called absolute advantage, which may or may not occur at the same time as the comparative advantage.
All of the answer choices except the first emphasize comparative advantage, which in economics describes how, under free trade, a nation, firm or an individual will produce more of a good they have comparative advantage and as well consume less of a good they have a comparative advantage. The typical example of CA is India's call center which is way cheaper than America's hence the U.S buys the service even though they are not better than the American's but they are way cheaper.
If a researcher is seeking clear, unambiguous answers, the
type of data that the researcher is likely seeking is a survey. Surveys are comprises
with clear and unambiguous answers in which each respondent who participated
provides the answer of each questions placed on the questionnaire.
