Which of the following best describes the principle of comparative advantage? A. Someone has the ability to

Question:

Which of the following best describes the principle of comparative advantage?
A. Someone has the ability to produce the same good using fewer inputs than another producer.
b. To produce more of one good, people have to produce less of another good.
c. Some people can produce the same good better than other producers can.
d. Someone has the ability to produce the same good for the lowest Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...