Multiple Choice
Which of the following phenomena can be explained by the simple comparative advantage theory?
A) A country that has a vast amount of farmland tends to export agricultural goods.
B) A country with little skilled labor tends to export highly technical goods.
C) A country tends to import the goods that it can produce at a lower opportunity cost.
D) A country imports and exports the same goods.
Correct Answer:

Verified
Correct Answer:
Verified
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