Multiple Choice
A country has an absolute advantage in the production of a good if thatcountry
A) can produce the good using fewer resources than another country would require
B) has the lowest opportunity cost of producing the good and can produce it with the fewest resources
C) has the lowest opportunity cost of producing the good regardless of whether it is produced with the
Fewest resources
D) has the greatest opportunity cost of producing the good regardless of whether it is produced with the
Fewest resources
E) has the greatest opportunity cost of producing the good and produces it with the fewest resources
Correct Answer:
Verified
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