The Law of Comparative Advantage Suggests That

question 152

Multiple Choice

The law of comparative advantage suggests that

• A) curtailing U.S. trade with other countries would make U.S. consumers better off.
• B) everyone would be better off if they were self-sufficient.
• C) countries will tend to import commodities that they can produce at a relatively low opportunity cost.
• D) countries will tend to import commodities that they can produce at a relatively high opportunity cost.

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