If a Nation Can Produce a Good or Service at the Lowest

question 147

Multiple Choice

If a nation can produce a good or service at the lowest opportunity cost,then it

• A) can sell the product at a lower price than other nations.
• B) does not want to export the good because the low cost means it makes only a low profit.
• C) is best for the nation to not trade the good internationally.
• D) will definitely import the good because it can beat other countries' prices.
• E) might export or import the good, depending on whether or not it has a comparative advantage in the production of the good.