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Suppose a Producer Can Produce a Product with Lower Opportunity

Question 22

Multiple Choice

Suppose a producer can produce a product with lower opportunity cost. Which of the following is correct?


A) The producer has a comparative advantage in the production of that good.
B) The producer has an absolute advantage in the production of that good.
C) The producer has both an absolute and comparative advantage in the production of that good.
D) The producer should import that product.

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