Which of the Following Statements Is True

question 54

Multiple Choice

Which of the following statements is true?

• A) Comparative advantage is the ability of a country to produce goods and services at lower opportunity costs than another country.
• B) Free trade theory suggests that when trade takes place any gains made by one nation come at the expense of another.
• C) According to the theory of comparative advantage, a nation should specialise in the production of those goods for which it has an absolute advantage.
• D) Countries should only trade in goods and services they have an absolute advantage
• Producing.

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