Multiple Choice
In a two-person,two-good economy,the benefits of labour specialization will be larger when
A) one person has an absolute advantage in both goods.
B) neither person has an absolute advantage.
C) both persons have identical absolute advantages.
D) the difference in their respective opportunity costs is large.
E) the difference in their respective opportunity costs is small.
Correct Answer:
Verified
Correct Answer:
Verified
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