Solved

When the Principle of Comparative Advantage Is Used to Guide

Question 153

Multiple Choice

When the principle of comparative advantage is used to guide trade, then a country will specialize by producing only


A) goods with the highest opportunity cost.
B) goods with the lowest opportunity costs.
C) goods for which production takes fewer worker-hour than another country.
D) goods for which production costs are more than average total costs.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions