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nikklg [1K]
4 years ago
10

What is the difference between comparative advantage and absolute advantage?

History
2 answers:
makkiz [27]4 years ago
8 0

The correct answer is A) Comparative advantage measures opportunity cost and absolute advantage measures efficiency.

Comparative and absolute advantage are terms that refer to international trade and the way resources are employed in the production of goods. The difference between these concepts is that comparative advantage consifers the opportunity costs involved in the production and the absolute advantage considers only the higher quality with the faster rate.

Degger [83]4 years ago
4 0

Answer:

a

Explanation:

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