Solved

The Law of Comparative Advantage Implies That a Nation, Individual

Question 74

Multiple Choice

The law of comparative advantage implies that a nation, individual, or region should produce those economic goods for which it


A) has an absolute advantage.
B) is a low opportunity cost producer.
C) is a high opportunity cost producer.
D) pays the highest wage rate.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions