According to the theory of absolute advantage,which of the following is true of a nation with free trade?
A) A nation gains by specializing in economic activities in which it has an absolute advantage.
B) A nation gains absolute advantage by restricting trade with other countries.
C) A nation gains tremendously by focusing on economic activities in which it has a comparative advantage.
D) A nation will develop absolute advantage based on its locally abundant factors.
Correct Answer:
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