Multiple Choice
If nation A can produce 5 units of good X or 10 units of good Y and nation B can produce 4 units of good X or 12 units of good Y we can conclude that nation A has a
A) Comparative advantage in X and an absolute advantage in Y
B) Comparative advantage in X and an absolute advantage in X
C) Comparative advantage in Y and an absolute advantage in X
D) Comparative advantage in Y and an absolute advantage in Y
Correct Answer:
Verified
Correct Answer:
Verified
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