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Which Statement Best Describes the Concept of the Law of Comparative

Question 139

Multiple Choice

Which statement best describes the concept of the law of comparative advantage?  


A)  The individual with the lowest opportunity cost of producing a particular good should produce it. 
B)  Comparative advantage exists only when one person has an absolute advantage in the production of two goods. 
C)  Whoever has a comparative advantage in producing a good also has an absolute advantage in producing that good. 
D)  Whoever has an absolute advantage in producing a good also has a comparative advantage in producing that good.

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