Q757
Comparative edge is specializing actions in which they are
A.
More efficient
AnswerB.
Less Efficient
C.
Somewhat efficient
D.
Least Efficient
Answer: Option A
Solution
Answer: Option A
Solution:
Comparative edge is specializing actions in which they are more efficient. Comparative advantage is an economic term that refers to an economy's ability to produce goods and services at a lower opportunity cost than that of trade partners. A comparative advantage gives a company the ability to sell goods and services at a lower price than its competitors and realize stronger sales margins.