Cryptocurrency Q&A What is Haberler's theory of opportunity cost?

What is Haberler's theory of opportunity cost?

Andrea Andrea Tue Jan 07 2025 | 7 answers 1144
Haberler's theory of opportunity cost explains the principle of comparative advantage, sometimes referred to as the principle of comparative cost. It suggests that when a country increases the production of one good, it must decrease the production of another good. The theory focuses on the value of the next best alternative that is forfeited when a choice is made. What is Haberler's theory of opportunity cost?

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