What Does It Mean If the Opportunity Costs Differ Between

question 17

Multiple Choice

What does it mean if the opportunity costs differ between two countries?

• A)Then comparative costs must be the same.
• B)There can be no gains from trade.
• C)It is possible for both countries to gain from specialization and trade.
• D)Then absolute costs must be the same.

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Definitions:

Angle

A geometric term that describes the figure formed by two rays with a common endpoint, often measured in degrees.

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A feature in spreadsheet software that automatically populates a range of cells with a sequence of numbers, dates, or other predefined patterns.

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A feature in spreadsheet software allowing users to automatically extend a series of values or formulas into adjacent cells by dragging a small square handle.

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