Multiple Choice
Given two economic systems,A and B,if economy A must give up less of all other goods to produce widgets than economy B,then
A) economy A has an absolute advantage in the production of widgets.
B) economy A has a comparative advantage in the production of widgets.
C) economy A is less efficient in the production of some goods than economy B.
D) economy A would not benefit from the specialization of production.
Correct Answer:

Verified
Correct Answer:
Verified
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