Suppose a Producer Requires a Smaller Quantity of Inputs to Produce

question 175

Multiple Choice

Suppose a producer requires a smaller quantity of inputs to produce a good. Which of the following is correct?

• A)The producer should import that good.
• B)The producer has a comparative advantage in the production of that good.
• C)The producer has an absolute advantage in the production of that good.
• D)The producer has both an absolute and comparative advantage in the production of that good.

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