Multiple Choice
According to Ricardo's theory of comparative advantage, countries should
A) specialize in the production of those goods that it produces most efficiently.
B) specialize in the production of those goods that their competitors in the world market currently have monopolies on.
C) produce all the products for which they have an absolute advantage.
D) produce only the products for which they have an absolute advantage.
Correct Answer:

Verified
Correct Answer:
Verified
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