Multiple Choice
Which of the following statements about absolute and comparative advantage is true?
A) A country may have a comparative advantage but not an absolute advantage in the production of a good.
B) A country must have the comparative advantage in the production of at least one good.
C) A country may have the absolute advantage in the production of all goods.
D) All of these statements are true.
Correct Answer:
Verified
Correct Answer:
Verified
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