Multiple Choice
When a person possesses a comparative advantage in the production of one good or service, it:
A) means that the person's opportunity cost of producing that good or service is higher than for that of other goods.
B) discourages specialization.
C) promotes greater self-sufficiency.
D) permits gains from trade to be realized due to a more efficient use of resources.
Correct Answer:
Verified
Correct Answer:
Verified
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