The law of comparative advantage says that
A) the individual with the lowest opportunity cost of producing a particular good should produce it
B) comparative advantage exists only when one person has an absolute advantage in the production of two
Goods
C) whoever has a comparative advantage in producing a good also has an absolute advantage in producing
That good
D) whoever has an absolute advantage in producing a good also has a comparative advantage in producing
That good
E) gains from trade are possible only when one person has the comparative advantage in producing both
Goods
Correct Answer:
Verified
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