Which of the following statements is NOT an implication of the law of comparative advantage?

Question

Quizplus · Accepted Answer

The law of comparative advantage states that countries should specialize in producing the goods in which their opportunity cost of production is the lowest. It does not imply that one country will have a competitive advantage in producing all goods, even with cheap labor. Additionally, the law applies to nations or individuals, not to a single person trading goods. Therefore, statements B, C, and D are all implications of the law of comparative advantage.

Which of the Following Statements Is NOT an Implication of the Law