According to the Law of Comparative Advantage, Both Individuals and Nations

question 224

Multiple Choice

According to the law of comparative advantage, both individuals and nations will be able to produce a larger joint output if each productive activity is undertaken by

• A) the high opportunity cost producer.
• B) the low opportunity cost producer.
• C) the producer who is able to hire workers at the lowest wage.
• D) the party that can complete the productive activity most rapidly.

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