Economizing requires that any particular good be produced by the nation having the ______ domestic opportunity cost, or the ______ advantage for that good.
Multiple choice question.
lowest; absolute
greatest; absolute
lowest; comparative
greatest; comparative

Respuesta :

Economizing requires that any particular good be produced by the nation having the lowest domestic opportunity cost, or the comparative advantage for that good. Therefore, the option C holds true.

An opportunity cost can be referred to or considered as the cost borne by an organization or an individual to choose between two or more alternatives available at their access. The opportunity cost is always determined by the amount of benefit that it derives, and proved to advantageous for the purchase of that good. It is also largely helpful in the determination of economizing.

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