Multiple Choice
Which of the following best defines comparative advantage?
A) A static relationship between nations, wherein both produce similar types of goods
B) A static relationship between nations, wherein one produces more of a good than another
C) A dynamic relationship between nations, wherein one produces more of all types of goods than another
D) A dynamic relationship between nations, wherein one produces a product with lower opportunity cost than the other
Correct Answer:
Verified
Correct Answer:
Verified
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