If Country A has a comparative advantage in the production of oil relative to Country B, then
A) the opportunity cost of producing oil is higher in Country A than in Country B.
B) Country A when compared to Country B must have an absolute advantage in producing some good other than oil.
C) Country A also has an absolute advantage in producing oil.
D) the opportunity cost of producing oil is lower in Country A than in Country B.
E) Country A also has an absolute advantage in producing some good other than oil.
Correct Answer:
Verified
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