Comparative advantage is the ability to produce more of a given product using a given amount of resources. A. True B. False

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Madisyn Briggs

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3 October, 10:50

Comparative advantage is the ability to produce more of a given product using a given amount of resources. A. True B. False

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Nicholas Fritz · Answer 1

No, it is false that comparative advantage is the ability to produce more of a given product using a given amount of resources, since in economics this phrase refers to the fact that it can still be in your advantage to trade with another entity even if you're producing less.