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If a Nation Has an Absolute Advantage in the Production

Question 17

Multiple Choice

If a nation has an absolute advantage in the production of a good it:


A) can benefit by restricting imports of that good.
B) will specialize in the production of that good and export it.
C) can produce that good using fewer resources than its trading partner.
D) can produce that good at a lower opportunity cost than its trading partner.

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