In a two-nation, two-good world, which of the following statements is true?
A) One nation cannot possibly have an absolute advantage over the other nation in both products.
B) If one nation has the comparative advantage in one product, then the other nation would have the comparative advantage in the other product.
C) One nation will always have the comparative advantage over the other nation in one of the products.
D) If one nation has the absolute advantage in one product, then the other nation would have the absolute advantage in the other product.
Correct Answer:
Verified
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