When a Person Possesses a Comparative Advantage in the Production

question 152

Multiple Choice

When a person possesses a comparative advantage in the production of one good or service,it:

• A) means that the person's opportunity cost is higher than for that of other goods.
• B) discourages specialization.
• C) promotes greater self-sufficiency.
• D) permits gains from trade to be realized due to a more efficient use of resources.

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