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According to the Principle of Comparative Advantage, Countries

Question 14

Multiple Choice

According to the principle of comparative advantage, countries


A) should specialize in the production of goods that they enjoy consuming.
B) with a comparative advantage in the production of every good need not specialize.
C) should specialize in the production of goods for which they have a lower opportunity cost of production than their trading partners.
D) should specialize in the production of goods for which they use fewer resources in production than their trading partners.

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