Multiple Choice
Prior to international trade,if the price of good X is lower in country A than in country B,
A) country B has an absolute advantage in the production of good X.
B) country B has a comparative advantage in the production of good X.
C) country A has an absolute advantage in the production of good X.
D) country A has a comparative advantage in the production of good X.
E) country B should stop producing good X.
Correct Answer:
Verified
Correct Answer:
Verified
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