Flashcard sets with a 'comparative advantage' term meaning '(predict use of time) relative concept refering to ability to produce a good or service at a lower opportunity cost compared to other producers (what brings in most income, your disadvantage is smaller relative to others) (ex. babe ruth)'

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1-1 of 1Flashcard sets with a 'comparative advantage' term meaning '(predict use of time) relative concept refering to ability to produce a good or service at a lower opportunity cost compared to other producers (what brings in most income, your disadvantage is smaller relative to others) (ex. babe ruth)'
# Title Terms Date
1ECON4- Exam 1by lsm504874 termsJune 15, 2009
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