A Country Has an Absolute Advantage in the Production of a Good

question 52

Multiple Choice

A country has an absolute advantage in the production of a good if that country _____

• A) can produce the good using fewer resources than another country would require.
• B) has the lowest opportunity cost of producing the good and can sell it at the highest price.
• C) has the lowest opportunity cost of producing the good, regardless of whether it is produced using the fewest resources.
• D) has the greatest opportunity cost of producing the good, regardless of whether it is produced using the fewest resources.
• E) has the greatest opportunity cost of producing the good and can sell it at the highest price.

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