Which of the Following Statements About Absolute and Comparative Advantage

question 126

Multiple Choice

Which of the following statements about absolute and comparative advantage is not true? A country may have:

• A) a comparative advantage but not an absolute advantage in the production of a good.
• B) an absolute advantage but not a comparative advantage in the production of a good
• C) the absolute advantage in the production of all goods.
• D) neither absolute nor comparative advantage in the production of any goods.

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Definitions:

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