Multiple Choice
Suppose a producer requires a smaller quantity of inputs to produce a good. Which of the following is correct?
A) The producer should import that good.
B) The producer has a comparative advantage in the production of that good.
C) The producer has an absolute advantage in the production of that good.
D) The producer has both an absolute and comparative advantage in the production of that good.
Correct Answer:
Verified
Correct Answer:
Verified
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