Individuals and nations have a comparative advantage in the production of goods or services if they can produce a product at a lower opportunity cost than other individuals or nations.
Standard detail
1.
Benchmark
Depth 1Parent ID: BE8FF68B72B14892A611779A28A99702Standard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 1.
- List ID
- 1.
- Standard ID
- 7B0D99ED09A645F2907C49B9EF647338
- ASN identifier
- S2604720
- Subject
- Economics
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- BE8FF68B72B14892A611779A28A99702
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US