If Country a Has a Comparative Advantage in the Production

question 121

Multiple Choice

If Country A has a comparative advantage in the production of oil relative to Country B,then

• A)Country A also has an absolute advantage in producing oil.
• B)Country A also has an absolute advantage in producing some good other than oil.
• C)the opportunity cost of producing oil is higher in Country A than in Country B.
• D)the opportunity cost of producing oil is lower in Country A than in Country B.
• E)Country A when compared to Country B must have an absolute advantage in producing some good other than oil.

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