The Law of Comparative Advantage Indicates That

Multiple Choice

The law of comparative advantage indicates that

A) a group of people will reduce their output when each good or service is supplied by the low opportunity cost producer.
B) trading partners lose when they can acquire a good through trade cheaper than they can produce it.
C) trade is most effective when people trade only among those in their own nation.
D) a group of people can increase their output when each good or service is supplied by the low opportunity cost producer.