An Economy Is Said to Have a Comparative Advantage If

question 207

Multiple Choice

An economy is said to have a comparative advantage if it:

• A)can produce more of all goods than another economy.
• B)can produce fewer of all goods than another economy.
• C)has the highest cost of producing a particular good,compared with other economies.
• D)has the lowest cost of producing a particular good,compared with other economies.

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Definitions:

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