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Basic Question 9 of 15

If a country can produce a good at a lower opportunity cost than any other country, then the country has a(n) ______.

A. comparative advantage
B. balanced trade
C. absolute advantage
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User Contributed Comments 2

User Comment
smillis Opportunity cost = comparative
Lowest cost = absolute
eb2568 well said.
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Your review questions and global ranking system were so helpful.
Lina

Lina

Learning Outcome Statements

describe the benefits and costs of international trade

CFA® 2024 Level I Curriculum, Volume 1, Module 6.