Which of the Following Is Correct with Respect to Absolute

question 165

Multiple Choice

Which of the following is correct with respect to absolute and comparative advantage?

• A) Brazilian coffee beans are a good example of comparative advantage.
• B) Absolute advantage exists when a country can produce something more cheaply and/or of higher quality than the next three most efficient countries.
• C) A country has a comparative advantage when it can produce a product more efficiently or better than most (but not all) other countries.
• D) All countries have a comparative advantage in some products.
• E) All of these are correct.

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