Multiple Choice
Country A is an extremely efficient producer of tin.However,its climate and terrain makes it difficult to produce corn.According to the theory of comparative advantage,Country A should:
A) produce both tin and corn in order to remain self-sufficient.
B) import the resources needed to produce corn.
C) concentrate its production on tin and buy corn from an efficient producer.
D) watch the global market to see which product brings the highest price.
Correct Answer:
Verified
Correct Answer:
Verified
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