Multiple Choice
Specialization and trade benefits all participants only if:
A) They specialize in those things they have both a comparative and absolute advantage in.
B) They specialize in those things they have a comparative advantage in, even if they have an absolute disadvantage.
C) They specialize in those things they have an absolute advantage in, even if they have a comparative disadvantage.
D) Traders have the same opportunity cost of production
Correct Answer:
Verified
Correct Answer:
Verified
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