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The Concept of "Comparative Advantage" Refers to the

Question 2

Multiple Choice

The concept of "comparative advantage" refers to the


A) terms of trade index.
B) gains from international trade.
C) ability of one region to produce a commodity with fewer total inputs than another region.
D) ability of one region to produce a commodity at a lower opportunity cost than another region.
E) ability of one region to produce a commodity with less labour input than another region.

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