Multiple Choice
If Pat can produce a good or service at a lower opportunity cost than Chris can,then
A) Pat has a comparative advantage in producing the good or service
B) no gains are possible through specialization
C) Pat must have an absolute advantage in producing the good or service
D) Pat must be more talented than Chris
E) society is at a point along its production possibilities frontier
Correct Answer:
Verified
Correct Answer:
Verified
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