Multiple Choice
If everyone had the same opportunity cost of producing a particular good,then
A) everyone would have the same absolute advantage.
B) no one would have an absolute advantage.
C) everyone would have the same comparative advantage.
D) the absolute advantage would be the same for everyone but the comparative advantage would vary.
E) the absolute and comparative advantage would be the same for everyone.
Correct Answer:
Verified
Correct Answer:
Verified
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