The Principle of Comparative Advantage States That

question 117

Multiple Choice

The principle of comparative advantage states that

• A)countries with a comparative advantage in one good should specialize and trade but those with a comparative advantage in all goods should not.
• B)the combined output of two producers will be enhanced if each specializes in the product in which it has a comparative advantage.
• C)the combined output of two producers will be enhanced if each specializes in the product in which it has an absolute advantage.
• D)countries with an absolute advantage in one good should specialize in that good whether or not they have a comparative advantage in that good.

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