Multiple Choice
Which of the following statements is true concerning comparative advantage?
A) Poor nations typically have a comparative advantage in high-tech but not agricultural goods.
B) Poor nations typically have a comparative advantage in agricultural but not high-tech goods.
C) Poor nations typically have a comparative advantage in the production of all goods.
D) Rich nations typically have a comparative advantage in the production of all goods.
Correct Answer:

Verified
Correct Answer:
Verified
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