Question 26 Comparative advantage means the ability to produce a good.docx

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Question 26 Comparative advantage means the ability to produce a good or service at a lower opportunity cost than any other producer. the ability to produce more of a product with the same amount of resources than any other producer. O compared to others you are better at producing a product. the ability to produce a good or service at a higher opportunity cost than any other producer. Table 2.10 Fred By 2 8 Pogo Sucka 24 Unisykles B Table 2-10 shows the output per month of two people. Fred and Barney. They can either devote their time to making pogo sticks or making unicycles Refer to Table 2-10. Which of the following statements is true? O Barney has an absolute advantage in making pogo sticks and Fred in making unicycles. O Barney has an absolute advantage in making unicycles and Fred in making pogo sticks. O Barney has an absolute advantage in making both products, Fred has an absolute advantage in making both products. Muestion 30 1 points Save and Table 2.10 Pago Sucka 24 Uniles Table 2.10 shows the output per month of
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