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Suppose a Producer Can Produce Shoes with Lower Opportunity Cost

Question 78

Multiple Choice

Suppose a producer can produce shoes with lower opportunity cost than boots.What else do we need to know if we want to determine this producer's comparative advantage?


A) how this producer's opportunity cost compares with other producer's opportunity cost
B) nothing, the producer has a comparative advantage in boots.
C) how many hours of work each product requires
D) nothing, the producer has a comparative advantage in shoes

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