Which is the best measurement to use to determine who might have the absolute advantage? high opportunity cost low opportunity cost low efficiency high efficiency

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asked Mar 10, 2021 187k views

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Frank Van Eykelen · Answer 1 · 2021-03-15T22:09:28+0000

Answer:

low opportunity cost

Step-by-step explanation:

Opportunity cost is described as a process in which an individual sacrifices something when they tend to choose one thing or option over another option or thing.

Low opportunity cost: The term "low opportunity cost" is determined as the possibility of an individual's chosen investment returns to be lower than the forgone investment's returns.

Which is the best measurement to use to determine who might have the absolute advantage? high opportunity cost low opportunity cost low efficiency high efficiency

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